Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

If on the first of January a savings account has a balance of $3,200, what amount will be in this account after 3 years if the bank gives 6% per year interest compounded quarterly?

Sagot :

$3,200.00×3=$9,600.00 $9,600.00×.06=$10,176.00 $10,176.00×4=$40,704.00
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.