abadamy2002 abadamy2002

27-07-2021
Mathematics

contestada

Elijah invested $ 830 in an account paying an interest rate of 4.9% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 13 years?

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Аноним Аноним

07-08-2021

Answer:

$9986

Step-by-step explanation:

You got 13*4=52 quarters in 13 years.

Amount = 830*(1+0.049)^52

Amount = 9986.27

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