Your friend deposits 9500$ in an investment account that earns 2.1% annual interest find the balance

Discussion in 'Calculator Requests' started by math_celebrity, Jul 17, 2021.

Tags:
  1. math_celebrity

    math_celebrity Administrator Staff Member

    Your friend deposits 9500$ in an investment account that earns 2.1% annual interest find the balance after 11 years when the interest is compounded quarterly

    11 years * 4 quarters per year = 44 quarters

    Using our compound interest with balance calculator, we have:
    11,961.43
     
    math_celebrity, Jul 17, 2021
    #1

Share This Page