Register

You deposit $500 into an account that is compounded quarterly at a rate of 7.2%. In how many years will it take for your account to have over $1000?

You deposit $500 into an account that is compounded quarterly at a rate of 7.2%. In how many years will it take for your account to have over $1000?
40.5k views
3 votes
You deposit $500 into an account that is compounded quarterly at a rate of 7.2%. In how many years will it take for your account to have over $1000?

User Gauri Bhosle
by
7.9k points

1 Answer

5 votes

Answer:

4560 is right answer

Explanation:

4560 is right answer

User Michael Heil
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!