You deposit $6,800 in a money-market account that pays an annual interest rate of 5.7%. the interest is compounded quarterly. how much money will you have after 3 years? a.$8,048.87c.$8,488.07b.$8,058.41d. $7,508.00

Amount in compound interest = p(1 + r/t)^nt where p is the initial deposit, r = rate, t = number of compunding in a period and n = period.

Here, Amount after 3 years = 6,800(1 + (5.7/100)/4)^(3 x 4) = 6,800(1 + 0.057/4)^12 = 6,800(1 + 0.01425)^12 = 6,800(1.01425)^12 = 6,800(1.185060) = $8,058.41