22. $7400 is invested in a savings account now at the interest rate 0.25%, compounded quarterly (once every 3 months, or
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22. $7400 is invested in a savings account now at the interest rate 0.25%, compounded quarterly (once every 3 months, or
22. $7400 is invested in a savings account now at the interest rate 0.25%, compounded quarterly (once every 3 months, or four times per year). How much will the account be worth in 21 years? 8069.05 7798.75 7942.81 7890.64 none of these answers are correct.
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