Francisco invested $5,000 into an account that earns 3% compounded quarterly. How many times will Francisco earn interest after
keeping the money in the account for 5 years?
1 answer:
To do this, we have to know how many quarters are in a year. There are 4.
So if Francisco earns interest 4 times each year, for 5 years he will earn interest 20 times.
4*5=20
-Steel jelly.
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i am a mathematics teacher. if anything to ask please pm me
I thank that the answer is 180
