asked 165k views
3 votes
Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 year

asked
User Ghiboz
by
8.6k points

1 Answer

2 votes

Answer: the final balance is $5,097.18

The total compound interest is $597.18

Explanation:

answered
User Hyat
by
8.1k points
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