Register

5. Ricky invested $1000 in an account at 8% interest compounded quarterly. How much money will he have earned on the account after 7 years? A. $1,741.02 B. $1,713.82 c. $713.82 …

5. Ricky invested $1000 in an account at 8% interest compounded quarterly. How much money will he have earned on the account after 7 years? A. $1,741.02 B. $1,713.82 c. $713.82 …
asked 156k views
1 vote
5. Ricky invested $1000 in an account at 8% interest compounded quarterly. How much money will he have earned on the account after 7 years?

A. $1,741.02
B. $1,713.82
c. $713.82
D. $741.02

asked
User Yemu
by
7.9k points

1 Answer

4 votes

Answer:

1,741.02

Explanation:

answered
User Ehab
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

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!