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Suppose that $2000 is invested at a rate of 3.2%, compounded quarterly. Assuming that no withdrawals are made, find the total amount after 9 years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Suppose that 2000 is invested at a rate of 32 compounded quarterly Assuming that no withdrawals are made find the total amount after 9 years Do not round any in class=

Respuesta :

Answer:

$2664.46

Step-by-step explanation:

2000(1+(0.032)/4)^(4*9)

1+0.008 = 1.008^36 = 1.33222983678... * 2000 = 2664.45967357...

≈ $2664.46

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