SOLUTION: Find the amount in an account where $200 is invested at 3.5% compounded quarterly for a period of 3 years.

SOLUTION: Find the amount in an account where $200 is invested at 3.5% compounded quarterly for a period of 3 years.

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Question 1026352: Find the amount in an account where $200 is invested at 3.5% compounded quarterly for a period of 3 years.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=200(1+0.035/4)^3*4
FV=200(1.00875)^12
FV=200*1.1102
FV=$220.00
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