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$10,000 is invested at an annual percentage rate of 7.5% compounded quarterly. (a) How much is the investment worth after 5 years? (b) How much interest has accrued at the end o…

$10,000 is invested at an annual percentage rate of 7.5% compounded quarterly. (a) How much is the investment worth after 5 years? (b) How much interest has accrued at the end o…
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$10,000 is invested at an annual percentage rate of 7.5% compounded quarterly.

(a) How much is the investment worth after 5 years?
(b) How much interest has accrued at the end of 5 years?

User Elian
by
7.7k points

1 Answer

7 votes
a) 10,000(1+.075)^1(5) = 14,356.29
b) i dont know sorry
User Jonel
by
8.6k points
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