If you deposit $8000 into an account paying 7% annual interest compoun – McqOptions

MCQOPTIONS

1.	If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account?
A.	2.3
B.	3.3
C.	4.3
D.	6.3
Answer» E.

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