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Keisha has $3,500 now and plans on investing it in a fund that will pay...

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Accounting

Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

  • A $3,920.00

  • B $4,433.80

  • C $4,340.00

  • D $3,500.00

  • E $4,390.40

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