Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 year

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Kostya Khuta asked Nov 19, 2022

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Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 year

Mathematics
high-school

Kostya Khuta asked Nov 19, 2022

by Kostya Khuta

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Answer: the final balance is $5,097.18

The total compound interest is $597.18

Explanation:

Ankit Seth answered Nov 26, 2022

by Ankit Seth

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