Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Use the appropriate compound interest formula to compute the balance in the account after the stated period of time ​$1400 is invested for 5 years with an APR of 6​% and quarterly compounding. The balance in the account after 5 years is :

Sagot :

valmc

Answer:

$ 1,885.60

1400(1+0.06/4)^4(5)

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.