SOLUTION: austin invested $12000 in and account at 11% compounded quarterly. find the amount in austin's account after a period of 6 years 12000*(1+.11/4)24

Question 471715: austin invested $12000 in and account at 11% compounded quarterly. find the amount in austin's account after a period of 6 years
12000*(1+.11/4)24
Found 2 solutions by Alan3354, captainwuzhere21:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Here's an example:
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$14000 invested at 12% compounded semiannually after a period of 9 years
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=
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11% quarterly --> 0.0275 per quarter
9 years = 36 quarters

Answer by captainwuzhere21(1) (Show Source): You can put this solution on YOUR website!
12000*(1+.11/4)24= 23,011.51
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