Mathematics, 21.04.2021 23:00, ali0222

Luca places $2,000 in an account that earns 2.5% nominal yearly interest, compounded quarterly. Which of the following is closest to the amount that the account is worth after 15 years if no additional deposits nor
withdrawals are made?
(1) $2,751.08
(3) $2,853.75
(2) $2,812.19
(4) $2,906.59

Answers: 3

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