SOLUTION: To the nearest dollar, how much money would be in an account in 8 years if $2000 is invested now at 6.5% interest compounded quarterly?
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Question 743126: To the nearest dollar, how much money would be in an account in 8 years if $2000 is invested now at 6.5% interest compounded quarterly?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
2,000(1+.065/4)^8*4
2,000(1.01625)^32
2,000*1.675=$3,350.02 ans.
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