Hello could I get some help on this problem, I am stuck on what to do. Thanks!
An amount is
deposited into a bank account that pays 8%, compounded quarterly for 5 years. What number of periods and rate would be used to find the future value of this investment?
a. 20 periods at 2 percent c. 10 periods at 4 percent
b. 5 periods at 8 percent d. 20 periods at 4 percent