SOLUTION: If I invest $400 at 3% compound quarterly for 4 years how much money will I have?
Algebra.Com
Question 242729: If I invest $400 at 3% compound quarterly for 4 years how much money will I have?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
400(1+.03/4)^4*4
400(1+.0075)^16
400(1.0075)^16
400*1.127=$450.80 ans.
RELATED QUESTIONS
if i invest $2028 for 12 years at 7% compounded quarterly, how much will I... (answered by rajagopalan,venugopalramana)
Example: (Present Value)
Tony is investing $5000 at 6% per annum, compounded quarterly (answered by solver91311)
How much will you have if you invest 1 dollar at 4% for 400... (answered by Alan3354)
If I invest 11000 dollars for 5 years at 11% compounded quarterly, how much would i... (answered by Nate)
Irene McGuinness is planning a vacation in Europe in 4 years, after graduation. She... (answered by stanbon)
If I invest $150.00 in an account for ten years at a 6% interest rate compounded... (answered by solver91311)
if I invest $60,000 a year at 10% compound interest per year, how much will I have at the (answered by linh117)
If I invest $8,000 (moderate risk) at 8% annually for 14 years, how much money would I... (answered by Fombitz)
David and Nicole have a new grandson. How much money should they invest now so that he... (answered by mananth)