SOLUTION: If don Gecewicz invests $6000 at 7% interest compounded quarterly, find the amount after 7 years
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Question 1119368: If don Gecewicz invests $6000 at 7% interest compounded quarterly, find the amount after 7 years
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Same problem, different numbers.
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If Don Gecewicz invests $4000 at 5% interest compounded quarterly, find the amount after 3 years
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3 years = 12 quarters
5%/year = 1.25%/quarter
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AMT = $5000*(1 + 0.0125)^12
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