An individual invests $2,000 for three years and earns interest at a rate of 2.125%. If...

An individual invests $2,000 for three years and earns interest at a rate of 2.125%. If interest is compounded quarterly, how much will the individual have after three years?

A. $2,127.50

B. $2,131.29

C. $2,130.94

Expert Solution

jeff jeffy answered 3 years ago

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