Solve.How much money will Lyle have in 7 years is he invests $6000 at 11% annual rate of interest compounded quarterly? How much will he have if it is compounded monthly? Use the interest formula . Round the answers to the nearest cent.

A. $6479.57 when compounded quarterly
$12,913.22 when compounded monthly
B. $6479.57 when compounded quarterly
$6480.02 when compounded monthly
C. $12,824.56 when compounded quarterly
$12,913.22 when compounded monthly
D. $12,824.56 when compounded quarterly
$27,599.92 when compounded monthly


Answer: C

Mathematics

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