An investor puts in an account earning percent compounded

Question

An investor puts $10,000 in an account earning 4 percent compounded interest. At the end of three years, the account will have a value of:

A) less than $11,000.

B) between $11,000 and $11,200.

C) between $11,200 and $11,400.

D) more than $11,400.

Answer

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