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National credit union pays 5.5% intrest compounded quarterly on special notice savings accounts. Marco deposits $5698.80 in a special notice savings account for 2 years. What is the amount in the the account
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National credit union pays 5.5% intrest compounded quarterly on special notice savings accounts. Marco deposits $5698.80 in a special notice savings account for 2 years. What is the amount in the the account after 2 years

User Codaniel
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1 Answer

12 votes

Answer: 6187.24

Step-by-step explanation: 5698.80(1+.0138)^6

User Amol Sharma
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9.1k points
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