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Austin invested $60,000 in an account paying an interest rate of 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundredt…

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asked Aug 9, 2022 30.5k views

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Austin invested $60,000 in an account paying an interest rate of 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundredth dollars, would be in the account after 11 years?

Mathematics
high-school

J Arango asked

by J Arango

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9 votes

Answer:

$100,300

Explanation:

Vexe answered Aug 14, 2022

by Vexe

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Austin invested $60,000 in account paying an interest rate at 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, will be in the account

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Austin invested $60,000 in an account paying an interest rate of 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundredt…

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