If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18 years?

amount = $736.955

Explanation:

given data

principal = $360

interest rate = 4% per year  = 0.04

time = 18  year

to find out

how much the investment

solution

we will apply here formula for amount that is express as

amount = principal ×     ...........................1

here r is interest rate and t is time and q is quarterly compounding that is 4

so put here all value we get

amount = principal ×

amount = 360 ×

amount = 360 ×

amount = $736.955

cool i use it all the time

b. a single paragraph.

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