+0  
 
0
36
1
avatar

Suppose that when your friend was​ born, your​ friend's parents deposited

​$2000

in an account paying

6.2%

interest compounded

quarterlyquarterly.

What will the account balance be after

13

​years?

 Jan 4, 2019
edited by Guest  Jan 4, 2019
 #1
avatar+94209 
+1

2000 ( 1 + .062 / 4 ) ^( 13 * 4)  ≈ $ 4450.27

 

 

cool cool cool

 Jan 4, 2019

7 Online Users

avatar

New Privacy Policy

We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive information about your use of our website.
For more information: our cookie policy and privacy policy.