Register

You deposit $5000 in a bank account that pays $3.5 annual interest. Find the balance after 8 years if the interest is compounded quarterly. Round to the nearest cent.​

You deposit $5000 in a bank account that pays $3.5 annual interest. Find the balance after 8 years if the interest is compounded quarterly. Round to the nearest cent.​
asked 23.9k views
0 votes
You deposit $5000 in a bank account that pays $3.5 annual interest. Find the balance after 8 years if the interest is compounded quarterly. Round to the nearest cent.​

asked
User Satarupa Guha
by
7.7k points

1 Answer

7 votes

The answer:

The answer is 3000

Explanation here:

answered
User Rogersillito
by
8.4k points
← Prev Question Next Question →

No related questions found

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!