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?

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asked Nov 6, 2017 80.8k views

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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?

Mathematics
high-school

Rosalie Bruel asked

by Rosalie Bruel

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This is how much money you would have after 3 years with 5.8% interest, $16,620.80

Pratik Anand answered Nov 11, 2017

by Pratik Anand

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