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After 5 years what is the total amount of a compound interest investment of 32,000 at 3% interest, compounded quarterly A.57.795.56 B.32,426.67 C.43,099.36 D.37,157.89

After 5 years what is the total amount of a compound interest investment of 32,000 at 3% interest, compounded quarterly A.57.795.56 B.32,426.67 C.43,099.36 D.37,157.89
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After 5 years what is the total amount of a compound interest investment of 32,000 at 3% interest, compounded quarterly

A.57.795.56
B.32,426.67
C.43,099.36
D.37,157.89

User Mike Akers
by
8.8k points

2 Answers

4 votes

Answer:

D. $37,157.89

Explanation:

took the test and got it correct

User Bxx
by
7.5k points
5 votes
The answer is 37,157.89
User Cromir
by
8.8k points
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