SOLUTION: you invest $10,000 in an account with 1.25% interest, compounded guarterly.Assume you dont touch the money or add money other than the earned interest.
write an equation that give
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Question 1077603: you invest $10,000 in an account with 1.25% interest, compounded guarterly.Assume you dont touch the money or add money other than the earned interest.
write an equation that gives the amount of money after x year?
to the nearst cent, how much money will you have in the account after 10 years?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
10,000(1+0.0125/4)^(4*10) = 11,329.28
after x years, replace the 10 in the exponent with x
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