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Kobotan [32]
3 years ago
14

Find the amount of money in an account after 9 years if $2300 is deposited at 8% annual interest compounded quarterly

Mathematics
1 answer:
meriva3 years ago
4 0

Answer:

4691.74

Step-by-step explanation:

A = P(1 + r/n)^nt

   = 2300(1 + .08/4)^(4 * 9)

   = 2300(1.02)³⁶

   = 2300 * 2.039887

   = 4691.74

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