Nicole deposited $4,400 into a savings account earning 6% interest compounded quarterly. If she makes no other deposits or withdrawals, how much interest will have accumulated after 5 years. A. $1,526.16 B. $3,782.23 C. $2,332.60 D. $5,926.16

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AMDM Spring 2021 - Unit 6 - Finance and Decision-
6 of 1
O Help
Nicole deposited $4,400 into a savings
account earning 6% interest
compounded quarterly. If she makes no
other deposits or withdrawals, how much
interest will have accumulated after 5
years.
A. $1,526.16
B. $3,782.23
C. $2,332.60
D. $5,926.16
Transcribed Image Text:AMDM Spring 2021 - Unit 6 - Finance and Decision- 6 of 1 O Help Nicole deposited $4,400 into a savings account earning 6% interest compounded quarterly. If she makes no other deposits or withdrawals, how much interest will have accumulated after 5 years. A. $1,526.16 B. $3,782.23 C. $2,332.60 D. $5,926.16
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