This question was created from 05.02 Investment Future Value https://www.coursehero.com/file/14271291/0502-Investment-Future-Value/
Cameron is planning to invest $2000 in an account earning 3.15% compounded quarterly for 5 years. He used the formula pictured. What is the future value of the account in 5 years?
i=3.15/(4*100)=0.007875 and nt=5*4=20 as its... View the full answer