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Marsha Lynch opened a savings account on January 1st with a lump sum $625.00 deposit. Interest is compounded on a quarterly basis at a rate of 5.7%. What is her balance at the end of 2 years?
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Marsha Lynch opened a savings account on January 1st with a lump sum $625.00 deposit. Interest is compounded on a quarterly basis at a rate of 5.7%. What is her balance at the end of 2 years?

User Vinit Solanki
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5.7k points

1 Answer

3 votes

Answer:

698.28

Explanation:

User Kyle Simek
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