menu
Qammunity
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
3. Gavin deposited $220 into his savings account that is compounded quarterly at an annual rate of 9%. How much money will Gavin have in his account after 5 years if he makes no additional deposits?
asked
Mar 8, 2017
34.0k
views
2
votes
3. Gavin deposited $220 into his savings account that is compounded quarterly at an annual rate of 9%. How much money will Gavin have in his account after 5 years if he makes no additional deposits?
Mathematics
high-school
Klanto Aguntuk
asked
by
Klanto Aguntuk
7.9k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
3
votes
Gavin would have approximately 343 dollars
Shirish Kadam
answered
Mar 12, 2017
by
Shirish Kadam
7.9k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Jun 5, 2017
19.2k
views
Gavin deposited $220 into his savings account that is compounded quarterly at an annual rate of 9%. How much money will Gavin have in his account after 5 years if he makes no additional deposits?
Waruna
asked
Jun 5, 2017
by
Waruna
7.8k
points
Mathematics
high-school
2
answers
3
votes
19.2k
views
asked
Apr 15, 2024
212k
views
Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%. He thought the equivalent quarterly interest rate would be 2.25%. Is Gavin correct? If he is explain
Javier Vargas
asked
Apr 15, 2024
by
Javier Vargas
7.2k
points
Mathematics
high-school
2
answers
3
votes
212k
views
asked
May 26, 2018
135k
views
1. When Gavin deposited $2000 into his savings account he was given the option of earning 9% compounded annually or 2.5% compounded quarterly. What advice would you give Gavin? Explain your reasoning.
Jeremiah Willcock
asked
May 26, 2018
by
Jeremiah Willcock
7.3k
points
Mathematics
high-school
1
answer
2
votes
135k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
What is .725 as a fraction
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
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity