Question:

# Suppose I have $5000 to invest, and I am able to invest it

Last updated: 7/4/2022

Suppose I have $5000 to invest, and I am able to invest it at an 8% rate compounded quarterly. Which formula below shows the correct setup for calculating how much money will be in the account after 20 years? I will have A = 5000e0.08-20 dollars. I will have A = 5000(1+0.08/4)4.20 dollars. I will have A = 5000e0.08-4-20 dollars. I will have A = 5000(1+0.08\12)12.20 dollars.