You deposited $15 000 in a retirement account at a compound interest rate of 4.5% per annually. What amount will be in y

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

You deposited $15 000 in a retirement account at a compound interest rate of 4.5% per annually. What amount will be in y

Post by answerhappygod »

You deposited $15 000 in a retirement account at a compound interest rate of 4.5% per annually. What amount will be in your retirement account in 10 years if interest on the account is paid quarterly (four times per year) and you don't make any cash withdrawals? Show your work
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”