Mathematics, 21.09.2019 02:30 vzimokha

You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. how much money will you have in the account after 5 years? round your answer to the nearest whole number.
a. $1,489
b. $1,103
c. $1,105
d. $1,215

Answers: 1

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You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. how much money will you have in the account after 5 years? round your answer to the nearest whole number. a. $1,489 b. $1,103 c. $1,105 d. $1,215

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Another question on Mathematics

You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. how much money will you have in the account after 5 years? round your answer to the nearest whole number.
a. $1,489
b. $1,103
c. $1,105
d. $1,215