Register
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?
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?

User Klanto Aguntuk
by
7.9k points

1 Answer

3 votes
Gavin would have approximately 343 dollars
3. Gavin deposited $220 into his savings account that is compounded quarterly at an-example-1
User Shirish Kadam
by
7.9k points
← Prev Question Next Question →

Related questions

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

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!