Asked by Mary

An initial investment of $480 is appreciated for 8 years in an account that earns 9% interest, compounded quarterly. Find the amount of money in the account at the end of the period.

A $978.29
B $956.43
C $498.29
D $956.76
Answered by scott
a = 480 [1 + (.09 / 4)]^(4 * 8)