reyesi443 reyesi443
  • 27-03-2022
  • Mathematics
contestada

Find the total amount
$17,600 at 16% compounded
quarterly for 2 years

Respuesta :

Аноним Аноним
  • 27-03-2022

Answer:

57,700.10

Step-by-step explanation:

To solve, we use the equation [tex]17,600(1.16)^8[/tex]

we set it to the power of 8, since it is compounding quarterly this means it compounds 4 times a year, and since there is 2 years, we get 8 compounds.

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