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Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscaulated what the accumulated value would be in her account after 5 year
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Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscaulated what the accumulated value would be in her account after 5 year

User M Alkhatib
by
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1 Answer

2 votes

The final balance is $5,097.18

The total compound interest is $597.18

Explanation:

User Jack Dorson
by
9.3k points
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