Question: If $ 1 0 0 0 is placed in an account that earns a nominal 1 2 percent, compounded quarterly, what will it be worth

If $1000 is placed in an account that earns a nominal 12 percent, compounded quarterly, what will it be
worth in 5 years?
a. $922.02
b. $1005.10
c. $1365.41
d. $1806.11
e. $1974.43
 If $1000 is placed in an account that earns a nominal

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