constance898 constance898
  • 22-05-2021
  • Mathematics
contestada

You deposit $1000 in an account that pays 2% annual interest compounded quarterly. How much will you have
after 8 years?

Respuesta :

serakuyar serakuyar
  • 22-05-2021
Answer :
1,173.04

Explanation:
Use the compound interest formula which is P(1 + r/n)^(nt) and plug in your numbers:

1000(1+0.02/4)^(4•8)
Answer Link

Otras preguntas

How has the War affected Leon,Eugene,and Andrew ?
what is 15% of $5.80
What does the legend about romes founding tell you about what was important to Romans ?
summary of the tell tale heart.
what is the shape of miranda's orbit path?
Which explanation of the solar system best fits the observations of the planets and how they orbit the sun? (Points : 3)       The gravity of a large, massive
WHAT IS THE IMPORTANCE OF THE TROPIC OF CANCER AND TROPIC OF CAPRICORN
in natural selection, what must be true of traits that are passed down through generation?
Find x if f(x) = 2x + 7 and f(x) = -1.
how did the location of a farm in the southern colonies affect the kind of crops grown there