Question

A sum of $20,000 is invested in a credit union which pays interest at a rate of 6 percent
per year compounded quarterly. If the amount is invested for a period of 10 years, what
will the compound amount equal? How much interest will be earned during the 10
years?​

Answer 1

year compounded quarterly. If the amount is invested for a period of 10 years, what

will the compound amount equal? How much interest will be earned during the 10

years