SOLUTION: Calculate, to the nearest cent, the future value FV(in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 4% per year, compounded qu

Question 1177206: Calculate, to the nearest cent, the future value FV(in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.
4% per year, compounded quarterly, after 4 years.
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.


FV =  = 10406.04 dollars.      ANSWER

Solved.

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To see many other similar solved problems, look into the lessons
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    - Problems on discretely compound accounts
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Also, you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lessons are the part of this online textbook under the topic "Logarithms".

Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.

Happy learning (!)

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