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Austin invested $60,000 in account paying an interest rate at 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, will be in the account
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Austin invested $60,000 in account paying an interest rate at 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, will be in the account after 11 years?

User Remyremy
by
8.5k points

1 Answer

7 votes

Answer:

100,300

Explanation:

User Nlucaroni
by
9.0k points
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