jonathond98 jonathond98

18-02-2021
Mathematics

contestada

Isabella invested $500 at 6% annual interest, compounded quarterly. How much will her Investment be after 25 years.

Respuesta :

madethisfortwitch1 madethisfortwitch1

18-02-2021

Answer:

$2216.02

Step-by-step explanation:

Compound interest formula:

[tex]FV=PV(1+\frac{i}{n})^{nt}\\\\FV=500(1+\frac{.06}{4})^{25*4}\\\\500(1.015)^{100}\\=2216.02[/tex]

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