SOLUTION: Use the formula A=P(1+r/n)^nt to find the total amount of money accumulated at the end of the indicated time period for the following investment. (Objective 2. Round your answer to
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Question 1032398: Use the formula A=P(1+r/n)^nt to find the total amount of money accumulated at the end of the indicated time period for the following investment. (Objective 2. Round your answer to the nearest cent.)
$1200 for 5 years at 8% compounded quarterly
Please help me solve. I'm getting 1785.66 but its telling me I'm wrong. Thank you!
Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
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Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!
Use the formula A=P(1+r/n)^nt to find the total amount of money accumulated at the end of the indicated time period for the following investment. (Objective 2. Round your answer to the nearest cent.)
$1200 for 5 years at 8% compounded quarterly
Please help me solve. I'm getting 1785.66 but its telling me I'm wrong. Thank you!
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