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Gene invested $400 at 4% interest compounded quarterly. How much is in the account after 1 year?

Gene invested $400 at 4% interest compounded quarterly. How much is in the account after 1 year?
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Gene invested $400 at 4% interest compounded quarterly.

How much is in the account after 1 year?

Gene invested $400 at 4% interest compounded quarterly. How much is in the account-example-1
User Paul Rouleau
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7.8k points

1 Answer

6 votes

Answer:

$416.24

Explanation:

User Dawood Awan
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8.0k points
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