A relative has set up an account for you to have access to in 15 years. The account is at a bank which pays 2% interest and

Question

A relative has set up an account for you to have access to in 15 years. The account is at a bank which pays 2% interest and compounds quarterly. If the original amount placed in the account is $10,000, how much will be in the account after 15 years?

Kunduz · Accepted Answer

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