An investment of $3,500 is made in an account compounded quarterly at 4.1%. How much willthe investment be worth in 18 years?Number(round to the nearest cent)MacBook ProSubmit AssignmentQuit & SaveBackQuestion Menu .N

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Answered: An investment of $3,500 is made in an…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter7: Conic Sections And Quadratic Systems

Section7.CM: Cumulative Review Exercises

Problem 51CM

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An investment of $3,500 is made in an account compounded quarterly at 4.1%. How much will the investment be worth in 18 years? Number (round to the nearest cent)