Keisha has $4200 now and plans on investing it in a fund that will pay her 16% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

A. $5748.12
B. $4872.00
C. $5544.00
D. $5651.52
E. $4200.00


Answer: A

Business

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