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

User J Arango
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1 Answer

9 votes

Answer:

$100,300

Explanation:

User Vexe
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