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A customer deposits $1275 in a savings account that pays 4% interest compounded quarterly. How much money will the customer have in the account after 2 years? (Round to the near…

A customer deposits $1275 in a savings account that pays 4% interest compounded quarterly. How much money will the customer have in the account after 2 years? (Round to the near…
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13 votes
A customer deposits $1275 in a savings account that pays 4% interest compounded quarterly. How much money will the customer have in the account after 2 years? (Round to the nearest cent-- 2 decimal places)

asked
User Matoy
by
7.6k points

1 Answer

10 votes

$13777.00

Explanation:

answered
User GuybrushThreepwood
by
8.3k points
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