Register

Mr. Jimenez deposited money into an account in which interest is compounded quarterly at a rate of 2. 6%. How much did he deposit if the total amount in his account after 4 year…

Mr. Jimenez deposited money into an account in which interest is compounded quarterly at a rate of 2. 6%. How much did he deposit if the total amount in his account after 4 year…
asked 217k views
6 votes
Mr. Jimenez deposited money into an account in which interest is compounded quarterly at a rate of 2. 6%. How much did he deposit if the total amount in his account after 4 years was $7160. 06, and he made no other deposits or withdrawals?

asked
User Faris Rayhan
by
7.5k points

1 Answer

12 votes

Answer:

3.6%

Step-by-step explanation:

withdrawl

answered
User Vehovmar
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

A die is rolled. the set of equally likely outcomes is​ {1,2,3,4,5,6}. find the probability of getting a 6.
What happens after the Penn Foster online course? HELLLLLPPPPP
How do sliding wheels on snow or ice affect a drivers ability to control the vehicle
Link Copied!