Solve the problem.A deposit of $7000 is made in an account that earns 9% interest compounded quarterly. The balance in the account after n quarters is given by the sequencean  = 7000 n n = 1, 2, 3, ... Find the balance in the account after 36 quarters.

A. $15,474.71
B. $15,594.71
C. $15,662.71
D. $15,646.71


Answer: B

Mathematics

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