Mathematics, 14.06.2021 15:20 rbrummitt1522
Abby invested $4,500 in a savings account where she earned 2.5% interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 years. Find and correct her error.
A(5) = 4500 (1+ 0.025/4)^5
= 4,500(1.00625)^5
= $4,642
Answers: 1
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Abby invested $4,500 in a savings account where she earned 2.5% interest compounded quarterly. She...
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