(Q6 IN TYPE B) HOW MUCH WILL BE IN AN ACCOUNT AFTER 3 YEARS IF THE...

1. (Q6 in Type B) How much will be in an account after 3 years if the initial deposit was $10, and which earned 10% interest compounded quarterly for the 3 years? A) $10.77 B) $13.31 C) $13.45 D) $31.38 Solution C. $10 x (1+.10/4)

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= $13.45