If you invested $3500 into a savings account with 6% interest compounded quarterly, how much money will you have after 12 years. You did not add any money to the account and you never took money out of the account.

Question

Mathematics

Oompa Loompa

23 March, 08:58

If you invested $3500 into a savings account with 6% interest compounded quarterly, how much money will you have after 12 years. You did not add any money to the account and you never took money out of the account.

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Davenport · Answer 1

Answer: the answer is 13580 dollars

Step-by-step explanation: it is that answer because you take $3500 and you times that by 6% then you will get $210 then you will want to times $210 by 4 and then times that by 12. then you will get your final answer.