You have deposited $2,000 into an account which earns 4.0% compounded quarterly. How much will your account be worth in 5 years? $2.323 $2.440 $2,433
You have deposited $2,000 into an account which earns 4.0% compounded quarterly. How much will your account be worth in 5 years? $2.323 $2.440 $2,433
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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son.1
Transcribed Image Text:You have deposited $2,000 into an account which earns 4.0%
compounded quarterly. How much will your account be worth in 5
years?
$2.323
$2.440
$2,433
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