If $500 is invested at an interest rate of 3.75% per year, compounded quarterly,

Algebra
Tutor: None Selected Time limit: 1 Day

If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 1 year
 

(b) 2 years
 

(c) 8 years
Jul 17th, 2015

a. 519.02

b. 538.75

c. 673.99

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Jul 17th, 2015

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