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An investment of $2000 is put in account that earns 4% interest, compounded quarterly. Find the amount of money, rounded to the nearest dollar, in the account after 8 years. Use…

An investment of $2000 is put in account that earns 4% interest, compounded quarterly. Find the amount of money, rounded to the nearest dollar, in the account after 8 years. Use…
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An investment of $2000 is put in account that earns 4% interest, compounded quarterly. Find the amount of money, rounded to the nearest dollar, in the account after

8 years.
Use the formula A = P(1+r/n)^nt to help you find the answer.

asked
User Gordon Fontenot
by
8.7k points

1 Answer

2 votes

Answer: $275

Step-by-step explanation:

answered
User Rplusg
by
8.5k points
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