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You invest $15,000 in a savings account with an annual interest rate of 2.5% in which the interest is compounded quarterly. How much money should you expect to have in the account after 5 years? Show your
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1 vote
You invest $15,000 in a savings account with an annual interest rate of 2.5% in which the interest is compounded quarterly. How much money should you expect to have in the account after 5 years? Show your work to receive full credit!

User TylerJames
by
6.4k points

2 Answers

5 votes

Answer:

75

Explanation:

User Dcool
by
6.2k points
1 vote

Answer:

16996

Explanation:

User Phil P
by
7.4k points
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