Question: Alison plans to deposit $500 in her savings account at the end of each quarter for the next 10 years. The interest rate is 10%

Alison plans to deposit $500 in her savings account at the end of each quarter for the next 10 years. The interest rate is 10% per year compounded quarterly. After 10 years, her account balance and the total amount of interest that she would have earned are closest to:

a. $33,701 $13,701

b. $33,701 $13,254

c. $32,504 $13,254

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