Question

After 8 years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly?

$25,377.11

$25,759.92

$26,148.50

$31,752.78

Answer 1

I think it's D.

Answer 2

Best Answer: PV = $25,000
n = number of periods
i = interest rate per period
FV = Future Value

Compound interest formula:

FV = PV(1+i)^n
FV = $25,000(1+.03/4)^32
FV = $31,752.78
Eggolas M · 5 years

Answer 3

d

Answer 4

Thank you.