SOLUTION: Write a compound interest function to model the situation :
$12,000 invested at a rate of 6% compounded quarterly ;
Show all work please! thank you
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-> SOLUTION: Write a compound interest function to model the situation :
$12,000 invested at a rate of 6% compounded quarterly ;
Show all work please! thank you
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Question 875950: Write a compound interest function to model the situation :
$12,000 invested at a rate of 6% compounded quarterly ;
Show all work please! thank you Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! In General
A = Accumulated Amount
P= principal = $12,000
r= annual rate = .06
n= periods per year = 4
t= years =
