SOLUTION: determine the amount of interest earned on a $100,000 investment if it is invested at 5.2% annual interest compounded quarterly for 12 years.

Question 396276: determine the amount of interest earned on a $100,000 investment if it is invested at 5.2% annual interest compounded quarterly for 12 years.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!



Hi

A= p(1+r/n) ^nt = 100,000(1+.052/4)^(12*4)= $185,888.87

Interest is $85,888.87 

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