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

Algebra ->  Percentage-and-ratio-word-problems -> 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      Log On


   

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) About Me  (Show Source):
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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