brittneyhiebert4286 brittneyhiebert4286

21-01-2022
Business

contestada

Ian invested $90,000 in an account paying an interest rate of 2. 6% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 7 years?.

Respuesta :

haris1malik haris1malik

21-01-2022

Answer:

$94176

Explanation:

Amount in 7 years = $90000 * (1 + 0.026/4)^7

Amount in 7 years = $94176

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