Today, Thomas deposited $130,000 in a three year, 4% investment account that compounds quarterly What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator Round your final answer to the nearest whole doller (EX.SEX.SEVA.c.$3 and VA.of.55 Multiple Choice O O $140408 $145,600 $146.232
Today, Thomas deposited $130,000 in a three year, 4% investment account that compounds quarterly What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator Round your final answer to the nearest whole doller (EX.SEX.SEVA.c.$3 and VA.of.55 Multiple Choice O O $140408 $145,600 $146.232
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Today, Thomas deposited $130,000 in a three-year, 4% investment account that compounds quarterly. What is the maturity value of the investment account?
Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (EV of S1, PV of St. EVA of S1, and PVA of $0
Multiple Choice
O
$16,488
$145,000
$146232
$145088](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca75e906-ca39-4fa9-af22-3c418815b502%2F1386a670-1efd-409a-a2c0-3ea90dec1dba%2Fssobkcp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Today, Thomas deposited $130,000 in a three-year, 4% investment account that compounds quarterly. What is the maturity value of the investment account?
Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (EV of S1, PV of St. EVA of S1, and PVA of $0
Multiple Choice
O
$16,488
$145,000
$146232
$145088
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