Your parents invested $3,000 into a savings account for you in 2008. If the account earns 4.5% interest compounded quarterly, what will the value of the account be in 2040? Round your answer to 2 decimal places. O $12,662.09 O $12,269.94 O $17,967.46 o $12,560.70 O $7,320

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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5 of 6
O 01:40 /
Your parents invested $3,000 into a savings account for you in 2008. If the account earns 4.5%
interest compounded quarterly, what will the value of the account be in 2040?
Round your answer to 2 decimal places.
O $12,662.09
O $12,269.94
O $17,967.46
O $12,560.70
O $7,320
3 4
oology.com/common-assessment-delivery/start/4777034540?action=Donresume&submissionld=462848930#
5
2.
Transcribed Image Text:5 of 6 O 01:40 / Your parents invested $3,000 into a savings account for you in 2008. If the account earns 4.5% interest compounded quarterly, what will the value of the account be in 2040? Round your answer to 2 decimal places. O $12,662.09 O $12,269.94 O $17,967.46 O $12,560.70 O $7,320 3 4 oology.com/common-assessment-delivery/start/4777034540?action=Donresume&submissionld=462848930# 5 2.
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