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matthew invests $600 into an account with a 2.3% interest rate that is compounded quarterly. how much money will he have in this account if he keeps it for 10 years? round your answer to the nearest dollar.

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The money he will have in this account if he keeps it for 10 years is $754.66.

We are going to calculate the future value using compound interest. The formula for calculating compound interest is: A = P (1 + r/n) ^nt where P = 600, n = 4, t = 10, r = 2.3%.

The future value of the account after 10 years will be:

A = 600 * (1 + 0.023/4)^10*4

A = 600 * 1.00575^40

A = 600 * 1.25777121027

A = 754.662726162

A = $754.66

Therefore, the money he will have in this account if he keeps it for 10 years is $754.66.

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