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


Future value of investment, or {{{highlight_green(FV = 4000(1 + .045/4)^(2 * 4))}}}