Lucy invested $770 in an account paying an interest rate of 3.2% compounded
quarterly. assuming no deposits or withdrawals are made, how much money, to the
nearest ten dollars, would be in the account after 12 years?

$1,128.75

Step-by-step explanation:

Use Future value formula ; FV= PV (1+r)^t

Next, plug in the numbers into the FV equation;

FV= 770*(1+0.008)^48

FV = 770* 1.46590404

FV = 1,128.746

Therefore, Lucy would have $1,128.75 in the account after 12 years.

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step-by-step explanation: