Question:

You deposit $460 in an account earning 6.4% interest

Last updated: 7/22/2022

You deposit $460 in an account earning 6.4% interest

You deposit $460 in an account earning 6.4% interest compounded quarterly. 1) What value would the investment reach after 22 years? A dollars. Use the Compound Interest formula and your calculator, and round your answer to the nearest whole dollar. How many years would it take the investment to reach $ 1100? Round your answer to the nearest tenth. A years.