Posted by **lily** on Wednesday, December 7, 2011 at 2:00pm.

You deposit $2,000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.28% compounded quarterly. What will be the value of the account after 4 more years? (Do not round until the final answer. Then, round to the nearest cent.)

## Answer This Question

## Related Questions

- Finance - You deposit $1000 in an account that pays 8% interest compounded ...
- value of money - A deposit of $2,000 earns interest at a rate of 14% compounded ...
- math - A deposit of $2,000 earns interest at a rate of 14% compounded quarterly...
- math - Phillip opened a savings account with an annual interest rate of 8% and ...
- Math - If you deposit $900 semiannually in a bank which pays 6% interest ...
- Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
- Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- Finance - Bob Bryan made deposits of $10,000 at the end of each quarter to Lion ...
- Algebra ASAP - Suppose that $17,000 is invested in a savings account paying 5.1...

More Related Questions