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3 years ago

14

If you deposit $ 1000 per month into an investment account that pays interest at a rate of 9% per year compounded quarterly.how

much will be in your account at the end of 5 years ?assume no interpèriod compounding

1 answer:

Fantom [35]3 years ago

7 0

Answer:

5,465.4165939453

Explanation:

formula

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

p=1000

r=0.09

n=4

t=5

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For Answer (a) please find the attachment.

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