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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+98107 
+1

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

 

 

cool cool cool

 Jan 4, 2019

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