You invest $6,600 into a savings account at Mountain America Credit Union which pays 1.8% annual interest compounded quarterly. How much interest will you earn after 3 years? A $89.50 B) $365.35 $6,689.50 $6,965.35

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You invest $6,600 into a savings account at Mountain America Credit Union which pays 1.8% annual interest compounded
quarterly. How much interest will you earn after 3 years?
$89.50
$365.35
$6,689.50
$6,965.35
Transcribed Image Text:You invest $6,600 into a savings account at Mountain America Credit Union which pays 1.8% annual interest compounded quarterly. How much interest will you earn after 3 years? $89.50 $365.35 $6,689.50 $6,965.35
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