SOLUTION: hey guys i was wondering if you guys could help me out with this question, thanks a lot. 1) A student invests $4000 in a savings bond that earns 5.3% interest compounded quarter

Question 928039: hey guys i was wondering if you guys could help me out with this question, thanks a lot.
1) A student invests $4000 in a savings bond that earns 5.3% interest compounded quarterly.
a) Write the future value of this investment as a function of time.
b) What is the value of this investment after 3 years?
c) Algebraically calculate the numbers of years for the investment to be worth $12,000.

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =
.......

......
= $4,684.46
.......

log(3)/4log(1.01325) = t = 20.8656 years
IN checking calculations round as directed
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