Question

You plan to invest $350 $350 in a growth fund that has a rate of 1.5% 1.5% compounded quarterly. How much money will this investment be worth after 50 50 years? Round to the nearest cent.

Answer 1

the answer is 739.91

Explanation:

i put this problem for my question and got it right on the test.

good luck!

Answer 2

Is this a scatterproblem?

If so then 350×((1.5)^4)^50 would be an answer?