You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year compounded quarterly. By how much will your deposit have grown after 8 years? Round the answer to the nearest cent.
?
A. $3,165.49
B. $915.39
C. $915.49
D. $2,415.49
E. $912.39
Answer: C
Mathematics
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