contestada

Find the final amount of money in an account if $9, 100 is deposited at 6.5 % interest compounded

quarterly (every 3 months) and the money is left for 7 years.

Respuesta :

26habruce

Answer:

you will have a negitative amount

Explanation:

so there is 12 mounths in a year divided by 3 is 4 then times by 7 is 28.

so then 9,100 times .065 is 591.5 that is how much mony goes in the 3 months. Then you do 28 x 591.5 =16562 so you wont have any money left you will actually be in the negitatives.

Hoped that leped:P

Otras preguntas