Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly. Assuming no deposits or withdrawals

Question

Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 12 years?

Kunduz · Accepted Answer

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