Description
If $800 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
$
(b) 2 years
$
(c) 10 years
$
Explanation & Answer
a)847.00
b)896.76
c)1132717.11
this is the answer for compound interest
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