Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Find the balance of a bank account with an initial investment or principal of $1,500 that earns 3.2% interest compounded quarterly after 15 years.

Sagot :

I = PRT

I = 1,500 × 0.032 × 15

I = 720
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.