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Luis deposits an amount of $2000 into an account. The account returns 2.4% interest, compounded quarterly. How much does Luis have in his account after 4 years?

Luis deposits an amount of $2000 into an account. The account returns 2.4% interest, compounded quarterly. How much does Luis have in his account after 4 years?
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Luis deposits an amount of $2000 into an account. The account returns 2.4% interest, compounded quarterly.

How much does Luis have in his account after 4 years?

User ArslanAnjum
by
8.7k points

1 Answer

8 votes

Answer:

$2,200.89

Explanation:

hope this helps.

User Damian Green
by
7.5k points
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