Answer:
Second one
Step-by-step explanation:
Answer:
B ($9.78)
Step-by-step explanation:
Answer:
$5265.71
Step-by-step explanation:
We have been given that you deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly.
We will use future value formula to solve our given problem.
, where,
,
r = Rate of return in decimal form,
n = Number of periods.






Therefore, there will be $5265.71 in your account at the end of those 3 years.
The correct answer is one doughnut cost 2$