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The $200 Question

What will be the total fund of a $20,000 investment after 5 years if it gains interest quarterly at a nominal rate of 3.5%?  clues
 
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$100
$200
$300
$500
$1,000
$2,000
$4,000
$8,000
$16,000
$32,000
$64,000
 $125,000
$250,000 
$500,000 
$1,000,000 
Copyright Pindling@pindling.org 2001























Clues
Vt =V0 (1+r/4)4t