3 years ago

If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years?

Mathematics

1 answer:

denis23 [38]3 years ago

4 0

Answer: $3000

Step-by-step explanation:

$5000 x .03 = $150

$150 x 4(quarters) = $600

$600 x 5(years) = $3000

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