liliana4099565
liliana4099565 liliana4099565
  • 21-02-2022
  • Mathematics
contestada

Find the total amount of an investment if $1200 is invested at an interest
rate of 3.5% compounded quarterly for 7 years.

Respuesta :

JoseAldo247 JoseAldo247
  • 21-02-2022

Answer:

Total amount of investment = $1,531.51

Step-by-step explanation:

A = P(1+r/n)^(nt)

Answer Link

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