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You deposit $5,000 in an account that pays 6% annual interest. find the balance after 5 years when the interest is compounded quarterly

You deposit $5,000 in an account that pays 6% annual interest. find the balance after 5 years when the interest is compounded quarterly
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you deposit $5,000 in an account that pays 6% annual interest. find the balance after 5 years when the interest is compounded quarterly

asked
User Mdemolin
by
8.2k points

1 Answer

6 votes

Answer:

15,000

Explanation:

5000-*0.6=3000 *5 =15,000

answered
User Bua
by
8.6k points
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