you plan to invest $350 in a growth fund that has a rate of 1.5% compounded quarterly. how much money will this investment be worth after 50 years?

round to the nearest cent.

$740 after 50 years.

Step-by-step explanation:

To solve this question we use the formula of compound interest :

Where A = Future amount

           P = Principal amount ( $350 )

           r = rate of interest 1.5% (0.015)

           n = number of compounding in a year (4)

           t = time in years (50 years)

Now put the values in the formula

A = 350 × 2.114

A = $739.91 ≈ $740

Investment would be $740 after 50 years.

it has the same slope and a different y-intercept

hope this : )