Green River Lodge invests $80,000 in a trust account that pays 4% interest compounded quarterly. a. What will be the value of the investment in 5 years? b. How much interest will be earned in the 5 years? Round your answer to the nearest cent.
A) a) $17,615.20; b) $97,615.20
B) a) $117,138.24; b) $37,138.24
C) a) $117,138.24; b) $17,615.20
D) a) $97,615.20; b) $17,615.20
E) a) $97,615.20; b) $37,138.24
D) a) $97,615.20; b) $17,615.20
Health & Biomechanics
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