ryleeproe3 ryleeproe3

04-02-2020
Mathematics

contestada

An Investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. Approximately how much
interest is earned on the investment?

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Аноним Аноним

04-02-2020

Answer: $720.37

Step-by-step explanation:

interest = 2000(1.0155)^20 - 2000

= 720.37

Hope this helps!!! Good luck!!! :)

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