fivestar101 fivestar101

12-02-2021
Advanced Placement (AP)

contestada

HELP FOR BRAINLIEST!
You have a $12000 investment in a bank account that pays you 3.55% compounded daily. After 3 years, your
bank informs you that they are changing to 3.75% compounded quarterly. How much will you have after a
TOTAL of 15 years?

Respuesta :

Аноним Аноним

12-02-2021

Answer:

23,365

56.25%

Explanation:

3.75%-3.55%=0.2% or 0.20% every 3 years

3.75%x15=56.25%

This is the best I could do hope this helps

Thx for helping Liz

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