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1. If $1000 is placed in an account that earns a nominal 4 percent, compounded quarterly, what will it be worth in 5 years? A.
1. If $1000 is placed in an account that earns a nominal 4 percent, compounded quarterly, what will it be worth in 5 years?
| A. | $1166.40
|
| B. | $1081.60
|
| C. | $1123.60
|
| D. | $1220.19
|
| E. | $1348.48
|
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