SOLUTION: Compound Interest: Suppose $4,000 is invested in each account below. In each case find the amount of money in the account at the end of 10 years?
Annual interest rate = 4%, com
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Question 1024813: Compound Interest: Suppose $4,000 is invested in each account below. In each case find the amount of money in the account at the end of 10 years?
Annual interest rate = 4%, compounded quarterly
Annual interest rate = 5%, compounded quarterly
Annual interest rate = 6%, compounded quarterly
Annual interest rate = 7%, compounded quarterly
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the final value of the investment of 
dollars at 
percent interest compounded 
times per year for 
years. Plug in the numbers and do the arithmetic.
John
My calculator said it, I believe it, that settles it
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