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After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?

After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?
asked 185k views
2 votes
After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?

asked
User Jeffreyweir
by
7.8k points

2 Answers

4 votes

Answer:

$37,157.89

Explanation:

took the test and got it correct

answered
User Ander Webbs
by
8.4k points
7 votes
$37,157.89 Hope that helps!
answered
User Walker Rowe
by
8.0k points
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