#2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 12 years? Submit

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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FU #2
Isaac invested $77,000 in an account paying an interest
rate of 4.6% compounded quarterly. Assuming no
deposits or withdrawals are made, how much money, to
the nearest cent, would be in the account after 12
years?
Submit
12:16 P
53°F Cloudy
3/21/20
Transcribed Image Text:FU #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 12 years? Submit 12:16 P 53°F Cloudy 3/21/20
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