Solve the problem.A deposit of $6000 is made in an account that earns 9% interest compounded quarterly. The balance in the account after n quarters is given by the sequencean = 6000
n n = 1, 2, 3, ... Find the balance in the account after 7 years.
A. $11,056.27
B. $11,187.27
C. $11,242.27
D. $11,263.27
Answer: B
Mathematics
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