SOLUTION: Write a compound interest function to model each situation. Then find the balance after the given number of years. $12,000 invested at a rate of 6% compounded quarterly ; 15 ye

Question 876614: Write a compound interest function to model each situation.
Then find the balance after the given number of years.
$12,000 invested at a rate of 6% compounded quarterly ; 15 years.
show all work please ! thank you.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi, Previously Posted

 In General 



A = Accumulated Amount

P= principal = 12,000

r= annual rate = .06

n= periods per year = 4

t= years = 15

 

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