Question

Lucy invested $770 in an account paying an interest rate of 3.2% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 12 years?

Answer 1

Answer:

$1930

Step-by-step explanation:

770 + 24.64 (48-1)

there are 4 quarters in a year so you do 48 terms instead of 12.