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A savings account has $4000 at 4% interest compounded quarterly. What is the value of the account after 4 years? (Round answers to the nearest cent)

A savings account has $4000 at 4% interest compounded quarterly. What is the value of the account after 4 years? (Round answers to the nearest cent)
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1 vote
A savings account has $4000 at 4% interest compounded quarterly. What is the value of the account after 4 years? (Round answers to the nearest cent)

User BerndBrot
by
8.1k points

1 Answer

3 votes

Answer:

26,814.27

Explanation:

User Carlos Caldas
by
8.2k points
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