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17-03-2017
Mathematics

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You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. How much money will you have in the account after 5 years? Round your answer to the nearest whole number.
A. $1,489
B. $1,103
C. $1,105
D. $1,215

Respuesta :

Аноним Аноним

17-03-2017

1000×.02=20
20×4=80
80×5=400

the answer is 1,400

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