# SOLUTION: Find the amount that results from the investment. \$12,000 invested at 11% compounded quarterly after a period of 4 years

Algebra ->  Algebra  -> Exponential-and-logarithmic-functions -> SOLUTION: Find the amount that results from the investment. \$12,000 invested at 11% compounded quarterly after a period of 4 years       Log On

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 Algebra: Exponent and logarithm as functions of power Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Exponential-and-logarithmic-functions Question 617982: Find the amount that results from the investment. \$12,000 invested at 11% compounded quarterly after a period of 4 years Answer by mananth(12270)   (Show Source): You can put this solution on YOUR website!Principal P = 12000 Amount= A years=n 4.00 compounded 4 times a year t Rate = 11.00 0.11 Amount = P*((n+r)/n)^n*t Amount = = 12000 *( 1 + 0.11 /t)^ 4 * 4 Amount = 12000 *( 1 + 0.03 )^ 16 12000 *( 1.03 )^ 16 Amount = \$18522.11