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PLEASE HELP PLEASE AS FAST AS POSSIBLE PLEASE HELP PLEASE Find the amount of savings if $1000 is deposited for two years at 5% annual interest, compounded quarterly. A) $1050.63…

PLEASE HELP PLEASE AS FAST AS POSSIBLE PLEASE HELP PLEASE Find the amount of savings if $1000 is deposited for two years at 5% annual interest, compounded quarterly. A) $1050.63…
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3 votes
PLEASE HELP PLEASE AS FAST AS POSSIBLE PLEASE HELP PLEASE

Find the amount of savings if $1000 is deposited for two years at 5% annual interest, compounded quarterly.

A) $1050.63

B) $1050.95

C) $1104.49

D) $1075.19

User Maoz Zadok
by
8.5k points

1 Answer

3 votes

The answer is C) $1104.49

User Synedraacus
by
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