Question: Q.8 transcript V Find the compound amount for the deposit and the amount of interest earned. $7400 at 7% compounded quarterly for 4 years Identify

Q.8

transcript V Find the compound amount for the deposit and the amount of interest earned. $7400 at 7% compounded quarterly for 4 years Identify the formula needed to find the compound amount, and substitute the appropriate values into it. Select the correct answer below, and fill in any answer within your choice. Co A. A = 7400 1+ 0.07 ) OB. A= [1+0.07( ) ] OC. A= 0.07 ( ) The compound amount after 4 years is $. (Do not round until the final answer. Then round to the nearest cent as needed.)

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