Question

Suppose that when your friend was​ born, your​ friend's parents deposited ​$9000 in an account paying

6.8​% interest compounded
quarterly. What will the account balance be after
14years?

Answer 1

Answer: $ 23,132.14

Explanation:

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

A=9000(1+.068/4)^4x14