SOLUTION: how much money would you have after 15 years if you deposit $2200 and your account pays 3% annual interest and if the interest in compounded quarterly

SOLUTION: how much money would you have after 15 years if you deposit $2200 and your account pays 3% annual interest and if the interest in compounded quarterly

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Question 449293: how much money would you have after 15 years if you deposit $2200 and your account pays 3% annual interest and if the interest in compounded quarterly
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=2200(1+0.03/4)^4*15
A=2200(1.0075)^60
A=2200*1.565681
A=3444.50
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