Find the final amount of money in an account if $3, 200 is deposited at 7.5 % interest compounded quarterly (every 3 months) and the money is left for 9 years. The final amount is $ Round answer to 2 decimal places

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 67SGR
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Question 3
Find the final amount of money in an account if $3, 200 is deposited at 7.5 % interest compounded
quarterly (every 3 months) and the money is left for 9 years.
The final amount is $
Round answer to 2 decimal places
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Transcribed Image Text:Question 3 Find the final amount of money in an account if $3, 200 is deposited at 7.5 % interest compounded quarterly (every 3 months) and the money is left for 9 years. The final amount is $ Round answer to 2 decimal places Submit Question O Type here to search 99+ 12 f3 esc 米 %23 $ & 2. 7. Q W R T Y D F G H
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