SOLUTION: joe invested $5000 in an account that pays 8% annual interest compounded quarterly. how much money will he have in the account at the end of 2 years

Algebra.Com
Question 875909: joe invested $5000 in an account that pays 8% annual interest compounded quarterly. how much money will he have in the account at the end of 2 years

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
In General

A =

RELATED QUESTIONS

You deposit $6,800 in a money-market account that pays an annual interest rate of 5.7%.... (answered by Edwin McCravy)
a. For their newborn child, parents deposit $10,000 in a college account that pays 8%... (answered by Boreal)
If $5000 is invested in a savings account that pays 7.85% interest compounded... (answered by Paul)
If $5000 is invested in a savings account that pays 7.85% interest compounded... (answered by Mathtut)
(1) How much money will you have in an account after 10 years if you deposit $5000 into... (answered by rfer)
A man invests $10,000 in an account that pays 8.5% interest per year, Compounded... (answered by ewatrrr)
You deposited $5000 in a savings account that has a rate of 11÷ The interest is... (answered by stanbon)
Joe deposits $1,300 in an account that pays 2% annual interest compounded continuously. (answered by addingup)
Juan is going to deposit $1,000 in an account that will earn him compund interest. The... (answered by lwsshak3)