178,113 views
33 votes
33 votes
If ​$8000 is invested at ​5% compounded quarterly ​, what is the amount after 6 ​years?

User Junerockwell
by
2.4k points

1 Answer

9 votes
9 votes
The amount would be 10,778.81
Your total compounded interest is 2778.81 in 6 years
User Nathan Gaskin
by
2.8k points