Nemo8603 Nemo8603
  • 24-01-2021
  • Mathematics
contestada

Find the amount of money in an account after 9 years if $8,000 is
deposited at 9% annual interest compounded quarterly. *

Respuesta :

alyssambarb
alyssambarb alyssambarb
  • 24-01-2021

Answer:

8,000(1+.09/4) to the 4×9 power

8,000(1.0225) to the 36 power

8,000(2.227816)

answer is $17,822.53

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