Eva plus $4500 into a savings account that had a 1.25 inches rate if the bank compounds quarterly and Ava leave the money in the
account for 15 years what is your total investment
1 answer:
Answer:
$5426.45
Step-by-step explanation:
Using the formula
APY= P(1+
P - principal
r - interest rate
n - number of compound periods
t- time
APY = 4500(1+.0125/4)^60 = $5426.45
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