SOLUTION: Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his inv

Question 747362: Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his investment be after the 2 years?

Just set me up with a proper formula and I can get it from there, thankyou
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his investment be after the 2 years?

Just set me up with a proper formula and I can get it from there, thankyou

Future value of investment, or
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