Find the compound interest if $2000 is invested for 12 years at 8% compounded quarterly. $3036 $1920 $2719.14 $3174.14

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
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Find the compound interest if $2000 is invested for 12 years at 8% compounded
quarterly.
$3036
O $1920
O $2719.14
$3174.14
Transcribed Image Text:Find the compound interest if $2000 is invested for 12 years at 8% compounded quarterly. $3036 O $1920 O $2719.14 $3174.14
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