A deposit of $15,000 is made at 4% interest compounded quarterly.[(1.01)7 ? 1.1, (1.01)28 ? 1.3, (1.04)28 ? 3]How much is in the account after seven years?

A. $19,200
B. $19,500
C. $16,500
D. $16,050
E. none of these


Answer: B

Mathematics

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A.
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