Asked by Mike

If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years?

11 years ago

Answered by Steve

5000(1+.03/4)^(4*5) = 5805.92

11 years ago

Answered by mi

21239.2555

7 years ago

Answered by john

5805.92 is the right answer

3 years ago

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