Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $1400 is in

Question

3 years ago

5

vested for 5 years with an APR of 6% and quarterly compounding. The balance in the account after 5 years is :

1 answer:

nirvana33 [79] · Answer 1 · 2022-12-10T23:29:54+03:00

3 0

Answer:

$ 1,885.60

1400(1+0.06/4)^4(5)

Use the appropriate compound interest formula to compute the balance in the account after the stated period of time ​$1400 is in