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$11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18 years?

$11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18 years?
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$11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18 years?

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User Shu Suzuki
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8.0k points

2 Answers

5 votes

$23,988.97

GOT THIS FOR THE ANSWER

answered
User Adriane
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8.2k points
5 votes
11700(1+3.9%/4)^72=?????? Hope it helps :-)
answered
User Jayachandra A
by
8.8k points
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