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You deposit $500 into an account that is compounded quarterly at a rate of 7.2%. In how many years will it take for your account to have over $1000?

You deposit $500 into an account that is compounded quarterly at a rate of 7.2%. In how many years will it take for your account to have over $1000?
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You deposit $500 into an account that is compounded quarterly at a rate of 7.2%. In how many years will it take for your account to have over $1000?

asked
User Gauri Bhosle
by
7.9k points

1 Answer

5 votes

Answer:

4560 is right answer

Explanation:

4560 is right answer

answered
User Michael Heil
by
8.3k points
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