Aubree invested $8,300 in an account paying an interest rate of 2.2% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 13 years?

Respuesta :

Answer:

A≈11039.41

Step-by-step explanation:

Plug in values

A=8300(1.0055)^{52}

A=8300(1.0055)

52

Simplify

A=11039.4131948

A=11039.4131948

Round)

A≈11039.41