An investment of $7,650 earns interest at the rate of 5% and is compounded quarterly. what is the accumulated value of the investment at the end of 9 years? a. $11,964.17 b. $11,867.66 c. $9,338.56 d. $8,554.94

The needed formula is

A = p(1 + r/n)^(nt)

We are looking for A.

Let r = 0.05

Let n = 4

Let p = 7650

Let t = 9

A = 7650(1 + 0.05/4)^(4•9)

You can now finish. So, solve for A.

In other words, simplify the right side of the equation to find your answer.

These are the multiples of 15 but what you are probably asking or what are the factors of 15