Find the amount of money in an account after 9 years if $8,000 is deposited at 9% annual interest compounded quarterly. *

asked Sep 3, 2022 190k views

17 votes

Find the amount of money in an account after 9 years if $8,000 is

deposited at 9% annual interest compounded quarterly. *

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11 votes

Answer:

8,000(1+.09/4) to the 4×9 power

8,000(1.0225) to the 36 power

8,000(2.227816)

answer is $17,822.53

Rhiannon answered Sep 9, 2022

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