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OpenStudy (anonymous):
3. Lena Dimock is saving for her college expenses. She sets aside $200 at the beginning of each three months in an account paying 8% annual interest, compounded quarterly. How much will Lena have accumulated in the account at the end of four years?
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OpenStudy (anonymous):
$968
OpenStudy (anonymous):
how did you get this answer?
OpenStudy (anonymous):
Sorry I took so long. What I did was multiplied 200 by .08 . I took the result and multiplied it by 48. Can't guarantee it was the right answer hoever.
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