SOLUTION: a principal of $6,500 is invested in an account paying an annual rate of 4%. find the amount in the account after 3 years if the account is compounded semiannually quarterly, and m
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Question 723625: a principal of $6,500 is invested in an account paying an annual rate of 4%. find the amount in the account after 3 years if the account is compounded semiannually quarterly, and monthly
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the future value, 
is the original pricipal, 
is the rate expressed as a decimal, 
is the number of compounding periods per year, and 
is the number of years.
This is an arithmetic problem. Use your calculator.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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