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If you invest $2,000 now at an interest rate of 5% compounded quarterly, in 20 years the investment will be worth?

If you invest $2,000 now at an interest rate of 5% compounded quarterly, in 20 years the investment will be worth?
asked 35.2k views
5 votes
If you invest $2,000 now at an interest rate of 5% compounded quarterly, in 20 years the investment will be worth?

asked
User PerroNoob
by
8.5k points

1 Answer

5 votes

Answer:

it would be worth 80,000

Explanation:

answered
User Rynmrtn
by
8.3k points
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