An investment promises a rate of return of 8% per year, compounded quarterly. Which of the following formulas will correctly calculate the future value if you invest $10,000 for 20 years?
a) =FV(B2/B4,B3*B4,0,-B1)
b) =FV(B3/B4,B2/B4,0,-B1)
c) =FV(B3*B4,B2*B4,0,-B1)
d) =FV(B3/B4,B2*B4,0,-B1)
d) =FV(B3/B4,B2*B4,0,-B1)
Business
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