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The table shows the compounded value of $1 for various rates and periods.

Suppose an amount of $1000 is deposited in a bank account paying an annual interest rate of 4%, compounded quarterly. Use the table to determine the value of the account at the end of one year?
A) $1,010.00
B) $1,040.00
C) $1,169.90
D) $1,040.60

The table shows the compounded value of $1 for various rates and periods. Suppose-example-1
User Unclemeat
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1 Answer

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The answer is :C 1’169.90


Hope this help
User Md Sajedul Islam
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