Aubree invested $8,300 in an account paying an interest rate of 2.2% compoùnded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 13 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
icon
Related questions
Question
Jeremy Nicolia
Compounding - Solve for Future Valve
Mar 28, 10:42:23 AM
Watch help video
Aubree invested $8,300 in an account paying an interest rate of 2.2%
compounded quarterly. Assuming no deposits or withdrawals are made, how
much money, to the nearest cent, would be in the account after 13 years?
Answer:
Submit Answer
hp
23
2$
&
4.
7
8
9.
le
y
k
< 6
Transcribed Image Text:Jeremy Nicolia Compounding - Solve for Future Valve Mar 28, 10:42:23 AM Watch help video Aubree invested $8,300 in an account paying an interest rate of 2.2% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 13 years? Answer: Submit Answer hp 23 2$ & 4. 7 8 9. le y k < 6
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage