Question: Quarterly compounding implies that interest is compounded __ times per year. (How many times) You have deposited $3,750 into an account that will earn an

Quarterly compounding implies that interest is compounded __ times per year. (How many times)

You have deposited $3,750 into an account that will earn an interest rate of 5% compounded semiannually. How much will you have in this account at the end of four years?

$5,482.81

$4,569.01

$3,198.31

$4,558.15

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