Question: how much should be invested now to accumulate the following amount if the money is compounded as followed? $7300 at 10% compounded quarterly for 5 years\n\nchoices are\n$163,597.12\n$153,306.78\n$87,374.32\n$174,401.97

Answer: None of your suggested answer is correct.Fv=A(1+r/m)n*m.\nThis should give us$7300*1.6386= $11,961.78.
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