Mathematics for FinanceMTP Dec 22Question 1362 of 422
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Rajesh deposits $3,000$ at the start of each quarter in his savings account. If the account earns interest of $5.75\%$ per annum compounded quarterly, how much money (in $) will he have at the end of $4$ years? [Given that $(1.014375)^{16} = 1.25654$]

Options

A$58508.8$
B$58553.6$
C$68353.6$
D$63624.4$
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Correct Answer

Option a$58508.8$

All Options:

  • A$58508.8$
  • B$58553.6$
  • C$68353.6$
  • D$63624.4$

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