Register

1. If you deposit $9200 into an account paying 7% annual interest compounded quarterly, how much money will be in the account after 10 years? a A) $20,123.85 B) $ 8,549.75 C) $1…

1. If you deposit $9200 into an account paying 7% annual interest compounded quarterly, how much money will be in the account after 10 years? a A) $20,123.85 B) $ 8,549.75 C) $1…
asked 204k views
1 vote
1. If you deposit $9200 into an account paying 7% annual interest

compounded quarterly, how much money will be in the account after 10 years? a
A) $20,123.85
B) $ 8,549.75
C) $18,414.70
D) $10,487.20

asked
User Rickdmer
by
8.8k points

1 Answer

6 votes

Answer:

C) $18,414.70

Explanation:


A = 9,200 (1 +(0.07)/(4)) ^(4 x 10)

= $18, 414.70

answered
User Alex Barroso
by
8.4k 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!