Ask Question
10 June, 20:38

Eddie deposited $1200 into an account that earns 3% interest compounded 4 times per year. How much money will Eddie have in his account after 5 years? Round to the nearest cent.

+3
Answers (1)
  1. 10 June, 20:56
    0
    A=1,200 * (1+0.03:4) ^ (4*5)

    A=1,393.42
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Eddie deposited $1200 into an account that earns 3% interest compounded 4 times per year. How much money will Eddie have in his account ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers