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You are saving up to buy a new car and deposit $1300 into an account that pays an annual interest rate of 5% compounded quarterly. How much will be in the account after 6 years?
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You are saving up to buy a new car and deposit $1300 into an account that pays an annual interest rate of 5% compounded quarterly. How much will be in

the account after 6 years?

User Mkersten
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8.4k points

1 Answer

6 votes

Answer:

I believe the answer is $1,742.12

Sorry if im wrong!

User Gilmar
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8.7k points
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