Question

$2,000 is invested at 8% compounded quarterly, s=2000(1.02)^4x what will result in 4 years

Answer 1

$2,745.57

Explanation:

Put 4 where x is and use your calculator to evaluate the expression. (Parentheses are needed around the exponent.)

In 4 years, the result will be $2,745.57.