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If you invest $2500 at a rate of 3.5%, how much money will be in the account after 10 years if it is compounded quarterly?

If you invest $2500 at a rate of 3.5%, how much money will be in the account after 10 years if it is compounded quarterly?
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2 votes
If you invest $2500 at a rate of 3.5%, how much money

will be in the account after 10 years if it is compounded
quarterly?

User Kenny Thompson
by
8.0k points

1 Answer

2 votes

Answer: 3526.5

Step-by-step explanation: 2500(1+0.035)^10

User Ali Borjian
by
7.5k points
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