Use the table to solve the problem. Round to the nearest cent.
Universal Bank lends $4,300,000 for
years at 8% compounded quarterly to Shining Shores Development Company to fund the building of a condominium complex. Find the future value.
A. $4,747,544.00
B. $4,734,214.00
C. $6,318,119.00
D. $4,730,000.00
Answer: A
Mathematics
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Mathematics