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5. Alex invests $18,100 at 13.6% compounded quarterly for 10 years. How much it be worth in the end?

5. Alex invests $18,100 at 13.6% compounded quarterly for 10 years. How much it be worth in the end?
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5. Alex invests $18,100 at 13.6% compounded quarterly for 10 years. How much it be worth in the end?

User Lancerex
by
8.4k points

1 Answer

8 votes

Answer:

It be worth in the end : ($18,100 x 13.6%) x 4 = $ 9,849.4

Explanation:

1 quarter = 3 months => 1 year = 4 quarters

User Kschieck
by
8.4k points
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