jccaylenlvr
jccaylenlvr jccaylenlvr
  • 15-01-2023
  • Mathematics
contestada

4) If $8000 is deposited into an account earning compound interest at an annual interest rate of 4% for 10 years, and it is compounded quarterly (thus 4 times per year), how much money is in the account at the end of the 5 years? Round your answer to the nearest cent. Show you work.



5) For problem #4, how much interest was earned? Show you work.

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