tayloryoung755 tayloryoung755

01-04-2020
Mathematics

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find the total amount if $5000 is invested for 10 years at a rate of 8% interest, compounded quarterly

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jared0609 jared0609

01-04-2020

Answer:

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ggieselman2008 ggieselman2008

01-04-2020

The answer should be $4000 because if $5000 is your principal you multiply that by the rate which is 8% and you have to turn that to decimal form which is 0.08 and then you just multiply by 10.

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