Question

Angelina wants to put $4,550 in a bank account that earns 5.6% interest compounded quarterly, how much interest will she earn in 8 years?

Answer 1

If they are wanting to know the interest in 8 years...

8 years =

Answer 2

7,035.95

Explanation:

If your Current Principal Is 4,550.00, and your interest rate is 5.6%, then in 8 years you would have 7,035.95 if your interest rate is anually.