Question

If you deposit $ 1000 per month into an investment account that pays interest at a rate of 9% per year compounded quarterly.how much will be in your account at the end of 5 years ?assume no interpèriod compounding

Answer 1

5,465.4165939453

Step-by-step explanation:

formula

A=P(1+r/n)^n(t)

p=1000

r=0.09

n=4

t=5