Austin invested $11,000 in an account paying an interest rate of 5.7% compounded money, to...

50.1K

Verified Solution

Question

Algebra

image

Austin invested $11,000 in an account paying an interest rate of 5.7% compounded money, to the quarterly. Assuming no deposits or withdrawals are made, how much nearest dollar, would be in the account after 6 years?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students