Question

If you invested $2000 in an account that paid 8% annual interest compounded quarterly, how much would the account be worth in 10 years?

Answer 1

$1600

Explanation:

8 = 0.08% Turn the percent to a decimal

2000 / 0.08 = 160 Divide it by 2000

160 * 10 = 1600 Mutiply by 10

Have a good day

Answer 2

4,317.85

Explanation: