Question $14$

$4$ pts

What is the future value of a $$10,000$ college tuition fund if the nominal rate of interest is $10$ percent compounded quarterly for five years?

$$16,105\mathrm{.}10$

$$17,623\mathrm{.}42$

$$16,386\mathrm{.}16$

$$18,166\mathrm{.}97$