Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

If you deposit $ 1000 per month into an investment account that pays interest at a rate of 9% per year compounded quarterly.how much will be in your account at the end of 5 years ?assume no interpèriod compounding

Sagot :

Cordero1775

Answer:

5,465.4165939453

Explanation:

formula

A=P(1+r/n)^n(t)

p=1000

r=0.09

n=4

t=5

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.