Find the future value of $2000 invested at annual rate of 2.4% compounded quarterly for 8 years. Round your answer to hundredths (2-decimal) place

1 answer
Question:

Find the future value of $2000 invested at annual rate of 2.4% compounded quarterly for 8 years. Round your answer to hundredths (2-decimal) place

Answers

Answer: $2421.95Step-by-step explanation:A = p(1 + r/n) ^ntA= 2000(1+0.024/4)^4x8A= 2421.95

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