Tina invests $3,700 into an account with a 4.4% interest that is compounded quarterly. How much money will she have in this account if she keeps it for 8 years? Round your answer to the nearest cent.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Feb 17, 2022 234k views

12 votes

Tina invests $3,700 into an account with a 4.4% interest that is compounded quarterly. How much money will she have in this account if she keeps it for 8 years? Round your answer to the nearest cent.

Mathematics
high-school

Sam Salim asked

by Sam Salim

4.4k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

9 votes

Answer:

I believe the balance would be 5,221.6 (Rounded to the Nearest Tenth)

Jeha answered Feb 23, 2022

by Jeha

5.4k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions