How much should this account be worth four years from now, Financial Management

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How much should this account be worth four years from now

Six years ago you invested $15,000 in a special bank savings account that agreed to pay a 3% annual rate, compounded quarterly. How much should this account be worth four years from now when it matures?

a. $13,221

b. $16,760

c. $18,650

d. $20,225

e. $28,415

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Financial Management: How much should this account be worth four years from now

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