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

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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) About Me  (Show Source):
You can put this solution on YOUR website!
In General
A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29
A = 5000%281.02%29%5E%288%29