How much interest will be earned on GH¢5,000 deposited today that will earn a 4% compounded quarterly and will be invested for 6 years? #randomized OA. GH¢1,326.60 B. GH¢6,326.60 OC. GH¢6,348.67 OD. GH¢1,348.67
How much interest will be earned on GH¢5,000 deposited today that will earn a 4% compounded quarterly and will be invested for 6 years? #randomized OA. GH¢1,326.60 B. GH¢6,326.60 OC. GH¢6,348.67 OD. GH¢1,348.67
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![How much interest will be
earned on GH¢5,000
deposited today that will
earn a 4% compounded
quarterly and will be
invested for 6 years?
#randomized
O A. GH¢1,326.60
B. GH¢6,326.60
OC. GH¢6,348.67
D. GH¢1,348.67
Reset Selection](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F25100a3b-4f08-4c1e-a4a2-07f370955609%2F200ca378-e4c5-4b89-ab1b-99b1d200729c%2Fs3zgdgk_processed.png&w=3840&q=75)
Transcribed Image Text:How much interest will be
earned on GH¢5,000
deposited today that will
earn a 4% compounded
quarterly and will be
invested for 6 years?
#randomized
O A. GH¢1,326.60
B. GH¢6,326.60
OC. GH¢6,348.67
D. GH¢1,348.67
Reset Selection
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