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 - Jim wants to deposit money in an account to save for a new stereo system ...
- Interest - Jim opens a savings account with a deposit of $10,000. If the account...
- Math - If you deposit $900 semiannually in a bank which pays 6% interest ...
- Math - Bermie deposited $ 4000 into an account that pays 45/a compounded ...
- Math/Compound Interest - 1. Use the compound interest table to find the compound...
- Compound math - (Future Value) Suppose you invest $8000 into an account that ...
- math - You deposit $7,900 in a money-market account that pays an annual interest...

More Related Questions