Question

I WILL GIVE YOU BRAINLIEST!!!!!

Jack invests $30,000 with an interest rate of 4.5% compounded quarterly. After 6 years, what is the total amount of Jack's investment?

Enter your answer in the box rounded to the nearest cent.

Answer 1

Answer:

30,324

Step-by-step explanation:

30,000 x 4.5 = 135.00

135.00 x 4 + 540.00 four quarters in a year

6 years  x 540 = 3,240

30,000 + 3,240 = 33. 240