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7. [-/2 Points] DETAILS Ben Invests $23,250, at 6% interest, compounded quarterly for 11 years. Calculate the compound amount for his investment. O$21,513 69 $38,595.00

7. [-/2 Points] DETAILS Ben Invests $23,250, at 6% interest, compounded quarterly for 11 years. Calculate the compound amount for his investment. O$21,513 69 $38,595.00 $42,680.49 O $44,763.69 Need Help? BRECMBC9 11.1.TB.018. Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Submit Answer Read it MY NOTES Viewing Saved Work Revert to Last Response ASK YOUR TEACHER PRACTICE ANOTHER

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