Imagine that you invest $95,000 in an account that pays 2.5% annual interest compounded quarterly. What will your balance be at the end of 20 years?

asked Dec 25, 2023 66.0k views

13 votes

Imagine that you invest $95,000 in an account that pays 2.5% annual interest

compounded quarterly. What will your balance be at the end of 20 years?

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9 votes

The balance would be 3.6%in 20 years

Rohit Soni answered Dec 29, 2023

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