Question: How much would $5,000, compounded quarterly, at 10% be worth in 45 years? a. $425,900 b. $431,678 c. $402,877 d. $425,859

 How much would $5,000, compounded quarterly, at 10% be worth in

How much would $5,000, compounded quarterly, at 10% be worth in 45 years? a. $425,900 b. $431,678 c. $402,877 d. $425,859

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!