A person deposits $8,000 into a savings account at an interest rate of 6.5%. The interest is compounded quarterly. If no other money is deposited into the account, what will the balance be after 12 years? Round to the nearest cent.

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aliciarodney1983 aliciarodney1983

07-11-2022
Mathematics

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A person deposits $8,000 into a savings account at an interest rate of 6.5%. The interest is compounded quarterly. If no other money is deposited into the account, what will the balance be after 12 years? Round to the nearest cent.

Sagot :

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