MATH SOLVE

2 months ago

Q:
# Charlene's parents deposit $500 in an account on the day she is born. The account earns a high interest rate of 9.2% compounded quarterly because Charlene is not allowed to access the money until her 22nd birthday. How much money will Charlene have on her 22nd birthday?

Accepted Solution

A:

Answer:about A+=+2000%281%2B+0.023%2F1%29%5E%281%2A18%29+=+2000%2A1.023%5E18= $3,011.56 thats my mathStep-by-step explanation: