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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
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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

User GeauxEric
by
5.4k points

1 Answer

4 votes

Answer:

5,465.4165939453

Step-by-step explanation:

formula

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

p=1000

r=0.09

n=4

t=5

User Eugene Morozov
by
4.8k points
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