# SOLUTION: I need help with money and compound interest for example principal \$8500 rate 7% compounding quartley for 5 years I am not sure how to set up and solve sets, also I am gettin confu

Algebra ->  Algebra  -> Logarithm Solvers, Trainers and Word Problems -> SOLUTION: I need help with money and compound interest for example principal \$8500 rate 7% compounding quartley for 5 years I am not sure how to set up and solve sets, also I am gettin confu      Log On

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 Question 527623: I need help with money and compound interest for example principal \$8500 rate 7% compounding quartley for 5 years I am not sure how to set up and solve sets, also I am gettin confused with investments like finding the accumulated value of an investment for instance investment of \$2000 at 8% compounded semi annually for 9 years Answer by rfer(12670)   (Show Source): You can put this solution on YOUR website!A=P(1+r/4)^nt A=8500(1+0.07/4)^20 A=8500(1.0175)^20 A=8500(1.4148) A=\$12,025.80 ----------------- same thing only divide rate by 2. A=2000(1+0.08/2)^18 A=2000(1.04)^18 A=2000(2.0258) A=\$4,051.60