Question: If you deposit $ 1 , 2 7 5 into a bank account paying 9 . 3 9 % APR with quarterly compounding, what will

If you deposit $1,275 into a bank account paying 9.39% APR with quarterly compounding, what will be the future value after 8 years?
Enter your answer with four decimal places but without the currency symbol.
For example, if your answer is $90.123456, enter 90.1234

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!