GRE Question of the Day (December 21)

By - Dec 21, 02:00 AM Comments [0]

Math

To the nearest dollar, how much money needs to be invested in an account that earns 8 % interest, compounded quarterly, in order to have $12,000 at the end of 3 years?

(A) $9,462

(B) $9,326

(C) $9,677

(D) $9,804

(E) $11,308

Correct Answer - A - (click and drag your mouse to see the answer)

Question Discussion & Explanation

 

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