# SOLUTION: \$15,000.00 for 10 years compounded at 10% quarterly results in how many periods?

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 Click here to see ALL problems on Money Word Problems Question 206655: \$15,000.00 for 10 years compounded at 10% quarterly results in how many periods?Found 2 solutions by Alan3354, checkley77:Answer by Alan3354(30993)   (Show Source): You can put this solution on YOUR website!\$15,000.00 for 10 years compounded at 10% quarterly results in how many periods? -------- Quarterly = once per quarter. Quarter is 1/4 of a year. --> 40 periods. The 10% is per year, so the interest rate per quarter is 2.5% = 0.025. ------------ FV = \$15000*(1+0.025)^40 = \$40275.96 Answer by checkley77(12569)   (Show Source): You can put this solution on YOUR website!15,000(1+.10/4)^4*10 15,000(1+.025)^40 15,000(1.025)^40 15,000*2.685=\$40,275.96 total investment for 40 periods.