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An investment of $8,120 is earning interest at the rate of 5.8% compounded quarterly over 11 years. How much interest is earned on the investment? Show your work.

An investment of $8,120 is earning interest at the rate of 5.8% compounded quarterly over 11 years. How much interest is earned on the investment? Show your work.
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An investment of $8,120 is earning interest at the rate of 5.8% compounded quarterly over 11 years. How much

interest is earned on the investment? Show your work.

User Tulleb
by
8.4k points

1 Answer

4 votes

Answer:

5180.56 Dollars...........

User Hamster Ham
by
7.3k points
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