Answer:
Step-by-step explanation:
16,307.64
The table value for n=8 quarters (2 years) and 2.00% (8% annual rate divided by 4) is 8.58297. Multiply this by the dollar amount Carlene deposits to get the balance at the end of the period.
... $1900 × 8.58297 ≈ $16,307.64
