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The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?


The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?


The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?


The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?
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โˆ™ 2013-03-26 21:20:21
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โˆ™ 2013-03-26 21:20:21

The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.


At a quarterly rate, it is 2000*(1.08)20= 9321.66 approx.


At an annual equivalent rate of 8% (that is 1.94% per quarter), the total is 938.66 approx.

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Q: What is 2000 is compounded quarterly at a rate of 8 percent for 5 years?
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