How much money will you have in 8 years if you invest $4000 at 2% compounded quarterly

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Stephane L asked Sep 1, 2023

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How much money will you have in 8 years if you invest $4000 at 2% compounded quarterly

Mathematics
high-school

Stephane L asked Sep 1, 2023

by Stephane L

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18 votes

Answer:

$4686.64

Explanation:

here is the function 4000(1+0.02)^8

EML answered Sep 2, 2023

by EML

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20 votes

Answer:

If you invest $4000 at 2% compounded quarterly you will make 4,694$.

Explanation:

Moustafa Samir answered Sep 5, 2023

by Moustafa Samir

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