lilyanatorres lilyanatorres

02-09-2020
Mathematics

contestada

you deposit $3000 into an account that pays 8% compounded quarterly. how much will you have in 10 years?

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leamsizerreitug leamsizerreitug

02-09-2020

Answer:

$5400 USD

Step-by-step explanation:

Investment=3,000

Interest=8% = .08

Time=10 years

([3000 x .08 x 10] + 3,000

[240 x 10] + 3,000

2,400 + 3,000= 5,400

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