4.3.3 Quiz: Compound interest
Dirk entered the following expression into his graphing calculator.
13688 * (1+.02/4)
(4x12)
Which of these future values could he have been calculating?
A. The future value of $13,600 invested at 4% interest compounded
semiannually for 12 years.
B. The future value of $13,600 invested at 2% interest compounded
quarterly for 12 years.
O c. The future value of $13,600 invested at 4% interest compounded
annually for 2 years.
O D. The future value of $13,600 invested at 2% interest compounded
annually for 4 years
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