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    Mathematics
  3. Study Set
    Intermediate Algebra Level 1
  4. Exam
    Exam 9: Exponential and Logarithmic Functions
  5. Question
    An Initial Deposit of $30,000 Earns 4% Interest, Compounded Quarterly
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An Initial Deposit of $30,000 Earns 4% Interest, Compounded Quarterly

Question 91

Question 91

Short Answer

An initial deposit of $30,000 earns 4% interest, compounded quarterly. How much will be in the account after 10 years?
Please give the answer to two decimal places.

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