An initial investment of 480$ is appreciated for 2 years in an account that earns 7% interest, compound quarterly. Find the amount of money in the account at the end of the period.

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asked Jan 26, 2021 137k views

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An initial investment of 480$ is appreciated for 2 years in an account that earns 7% interest, compound quarterly. Find the amount of money in the account at the end of the period.

Mathematics
college

Joan Cardona asked

by Joan Cardona

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4 votes

Answer:

The answer is $1,175.34

David Mimno answered Jan 30, 2021

by David Mimno

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