Fatema has decided to invest BD 1500 in a savings account paying 4% interest compounded quarterly. If she leaves his money in the account for 7 years, how much she will get back in total? a. BD1981.94 b. BD1881.46 c. BD1139.87 d. BD1919

Fatema has decided to invest BD 1500 in a savings account paying 4% interest compounded quarterly. If she leaves his money in the account for 7 years, how much she will get back in total? a. BD1981.94 b. BD1881.46 c. BD1139.87 d. BD1919

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 5CE

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Question

Fatema has decided to invest BD 1500 in a savings account paying 4% interest compounded quarterly. If she leaves his money in the account for 7 years, how much she will get back in total?

a. BD1981.94

b. BD1881.46

c. BD1139.87

d. BD1919

Please answer fast I give you upvote

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