Question

Frank deposited $100 into an account that earns 4% interest which is compounded 4 times per year. How much money will Frank have in his account in 3 years?
A. $104.00
B. $112.68
C. $160.10
D. $140.49

Answer 1

@zepdrix

Answer 2

@sammixboo

Answer 3

@.Sam.

Answer 4

Okay here is a formula FV = PV (1+(r/n))n.

Answer 5

where FV = Future Value
PV = Present Value
r = annual interest rate
n = number of periods

Answer 6

is it c

Answer 7

I haven't calculated it yet. Tho you are the one who should.

Answer 8

i got c thanks

Answer 9

you are welcoME.