Find the amount that results from the investment. Round the answer to the nearest cent. $480 invested at 9% compounded quarterly after a period of 3 years A. $146.90 B. $621.61 C. $613.11 D. $626.90

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 67SGR
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Find the amount that results from the investment. Round the answer to the nearest cent.
$480 invested at 9% compounded quarterly after a period of 3 years
A. $146.90
B. $621.61
C. $613.11
D. $626.90
Transcribed Image Text:Find the amount that results from the investment. Round the answer to the nearest cent. $480 invested at 9% compounded quarterly after a period of 3 years A. $146.90 B. $621.61 C. $613.11 D. $626.90
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