Ariel invested $\$5000$ in an investment fund that pays a compounded interest rate of $2\%$ per

Question

Ariel invested $\$5000$ in an investment fund that pays a compounded interest rate of $2\%$ per annum. Find the amount of money in the fund after the end of $2$ years if this amount is compounded quarterly.

Accepted Answer

$\$5\,203.54$.

Compound Interest with Quarterly Compounding Over 2 Years

Compound Interest with Quarterly Compounding Over 2 Years

Video Solution:

Solution:

Solution locked