anonymous
  • anonymous
Annette opened a compound interest savings account with $7000 in principal and an interest rate of 2.5%. If interest is compounded annually, how much is in the account after 8 years? interest compounded quarterly: A = P (1 + r)t A. $8544.50 B. $8528.82 C. $1544.50 D. $1528.82
Pre-Algebra
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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kropot72
  • kropot72
The question has two different compounding periods. The first period mentioned is "annually" and the second to be mentioned is "quarterly". Please clarify the question.
anonymous
  • anonymous
it doesnt say......
kropot72
  • kropot72
Well, there will be two different answers depending on which compounding period is used. I suggest that you ask your teacher to clarify the question.

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