Register
You deposit $9,800 in a money-market account that pays an annual interest rate of 5.8%. The interest is compounded quarterly. How much money will you have after 3 years?
91.4k views
2 votes
You deposit $9,800 in a money-market account that pays an annual interest rate of 5.8%. The interest is compounded quarterly. How much money will you have after 3 years?

User Ucron
by
8.2k points

2 Answers

1 vote
$16,620.80 that is what I got
User Arshpreet
by
9.0k points
4 votes
$16,620.80

Hope this helped!
User Gerald Thibault
by
8.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!