SOLUTION: Find the amount of the investment:
$480 invested at 12% compounded quarterly after a period of 7 years
Algebra.Com
Question 104884: Find the amount of the investment:
$480 invested at 12% compounded quarterly after a period of 7 years
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
t=years A=Balance P=principal r=annual interest rate n=number of compoundings/yr
=
=
=
=
= $1098.21 Balance after 7 years.
Ed
RELATED QUESTIONS
Find the amount that results from the investment.
$480 invested at 10% compounded... (answered by mananth)
Find the amount that results from the investment.
$480 invested at 16% compounded... (answered by addingup)
$480 invested at 10% compounded quarterly after a period of 8 years. Find the amount that (answered by rfer)
Find the amount that results from the investment. $480 invested at 6% compounded... (answered by Alan3354)
Find the amount that results from the investment.
$12,000 invested at 11% compounded... (answered by mananth)
Find the amount that results from the investment. Round the answer to the nearest... (answered by ikleyn)
$480 invested at 10% of compound quarterly after a period of 8 years. Find the amount... (answered by JBarnum,MathTherapy)
Find the amount that results from the investment. Use the formula A=Pert or A=P(1+r/n)nt.
(answered by rfer)
Find the amount that results from the investment.
$480 invested at 16% compounded... (answered by rfer)