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Herman invests $ 6 , 400 at 5.5 % interest for 7 years compounded quarterly. Find the amount of money in the account after 7 years.

Herman invests $ 6 , 400 at 5.5 % interest for 7 years compounded quarterly. Find the amount of money in the account after 7 years.
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3 votes
Herman invests

$
6
,
400
at
5.5
% interest for
7
years compounded quarterly. Find the amount of money in the account after
7
years.

User Axnet
by
7.6k points

1 Answer

1 vote

Answer:

2000 dollar and 6% impound will be your answer

Explanation:

User Ross McConeghy
by
7.9k points
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