Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) atan interest rate of 4% per year compounded quarterly (4 times per year) and the money is left in theaccount for 9 years.The final amount is $Round your answer to 2 decimal places> Next QuestionMacBook ProG Search or type URL%escJock1A2NLoptionWS# 3EXDH$4DcommandRсл оро5CF< 10T6GV&7Y☆HB8

To find the future value of the investment.

Answered: Find the amount of money (Future Value)…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) at an interest rate of 4% per year compounded quarterly (4 times per year) and the money is left in the account for 9 years. The final amount is $ Round your answer to 2 decimal places