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You deposit $345 in an account that pays 4% interest compounded quarterly. How much will your investment be worth in 15 years? (At simple interest, it would be worth $552. )
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2 votes
You deposit $345 in an account that pays 4% interest compounded quarterly. How much will your investment be worth in 15 years? (At simple interest, it would be worth $552. )

User Daniel Schlaug
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2 Answers

5 votes
Answer is going to be $626.76
User Sotcha
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8.5k points
5 votes

Answer:

$626.76

Explanation:

User RagHaven
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