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You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly.
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You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly.

User Zilberman Rafael
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2 Answers

6 votes

Answer:

checked answer, 2123.78

User Hanzo
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5.5k points
6 votes
might be wrong but around 1900
User Zhao Peng
by
5.7k points
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