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3 years ago

11

WORTH ALOT. Find the amount that results from the investment. 14) $480 invested at 7% compounded quarterly after a period of 9 y

ears

2 answers:

konstantin123 [22]3 years ago

4 0

Answer:

$896.36

Step-by-step explanation:

Principal = $480
Interest rate = 7% compounded
Compound number = 4 per year
Time = 9 years

<u>Final amount is:</u>

480*(1 + 0.07/4)^(9*4) =
480(1.0175)^36 =
$896.36

marta [7]3 years ago

4 0

Answer:

$896.36

Step-by-step explanation:

GIVEN

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