An initial investment of $480 earns interest for 7 years in an account that earns 13% interest,compounded quarterly. Find the amount of money in the account at the end of the 7 year period.D) $695.340A) $1138.34B) $1129.25C) $1175.34a)b)C)d)MacBook Air888DIIDDF3F4F7F8F9F10F111&45RFGH.CB2436commandΣ00%23ల 9

Topic = Algebra Correct answer = C

Answered: An initial investment of $480 earns…

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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An initial investment of $480 earns interest for 7 years in an account that earns 13% interest, compounded quarterly. Find the amount of money in the account at the end of the 7 year period. A) $1138.34 B) $1129.25 C) $1175.34 D) $695.340 a) b) Od)