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An initial investment of 480$ is appreciated for 2 years in an account that earns 7% interest, compound quarterly. Find the amount of money in the account at the end of the peri…

An initial investment of 480$ is appreciated for 2 years in an account that earns 7% interest, compound quarterly. Find the amount of money in the account at the end of the peri…
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An initial investment of 480$ is appreciated for 2 years in an account that earns 7% interest, compound quarterly. Find the amount of money in the account at the end of the period.

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User Joan Cardona
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8.0k points

1 Answer

4 votes

Answer:

The answer is $1,175.34

answered
User David Mimno
by
7.7k points
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