Ask Question
8 May, 19:33

You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. How much money will you have in the account after 5 years? Round your answer to the nearest whole number

+5
Answers (1)
  1. 8 May, 20:03
    0
    1,400 it will be 20 qrtly making 80 a year time 5 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. How much money will you have in ...” 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