Mathematics, 06.01.2020 13:31 hrcatena

An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. approximately how much interest is earned on the investment?
a.
$724.67
b.
$2127.72
c.
$720.37
d.
$2720.37

Answers: 2

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An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. a...