13. INVESTMENTS Determine the amount of an investment if $1000 is invested at an interest rate of 8% compounded quarterly for 2 years. A $1160.00 B $1171.66 C $1040.40 D $1166.40 13.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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13. INVESTMENTS Determine the amount of an investment if $1000 is
invested at an interest rate of 8% compounded quarterly for 2 years.
A $1160.00
B $1171.66
C $1040.40
D $1166.40 13.
Transcribed Image Text:13. INVESTMENTS Determine the amount of an investment if $1000 is invested at an interest rate of 8% compounded quarterly for 2 years. A $1160.00 B $1171.66 C $1040.40 D $1166.40 13.
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