Ask Question
9 May, 10:54

You place $5,000 in a bank account that earns an annual rate of 4.25%. if the interest is compounded quarterly, how much money will you have at the end of 5 years, assuming you neither deposit nor withdraw any money in this time?

+3
Answers (1)
  1. 9 May, 10:56
    0
    I believe the answer is $10,882.35
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You place $5,000 in a bank account that earns an annual rate of 4.25%. if the interest is compounded quarterly, how much money will you ...” 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