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2 years ago

If $300 is invested at a rate of 5% per year and is compounded quarterly how much will the investment be worth in 15 years?

Mathematics

1 answer:

dimulka [17.4K]2 years ago

5 0

Answer:

In 15 years the final balance will be $632.15

Step-by-step explanation:

The final balance would be $632.15 and the total compound interest would be $332.15. If you have trouble with these kind of questions in the future I suggest using a compound interest calculator that can be found online :)

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If $300 is invested at a rate of 5% per year and is compounded quarterly how much will the investment be worth in 15 years?￼

If $300 is invested at a rate of 5% per year and is compounded quarterly how much will the investment be worth in 15 years?