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Please hurry Paul deposit $500 in an account that pays 4% annual interest. Find how much Paul will have after 3 years when the interest is compounded quarterly. a. $563.41 b. $5…

Please hurry Paul deposit $500 in an account that pays 4% annual interest. Find how much Paul will have after 3 years when the interest is compounded quarterly. a. $563.41 b. $5…
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Please hurry

Paul deposit $500 in an account that pays 4% annual interest. Find how much Paul will
have after 3 years when the interest is compounded quarterly.

a. $563.41
b. $501.12
c. $515.15
d. $580

asked
User LisaJ
by
7.4k points

1 Answer

0 votes
The answer is C $515.15
answered
User Sharanu
by
8.5k points
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