SOLUTION: suppose you invest $1500 in an acount paying 4.75% annual interest. what is the account balance after 25 years with the interest compounded annualy, semiannually, quarterly and mon
Algebra.Com
Question 602612: suppose you invest $1500 in an acount paying 4.75% annual interest. what is the account balance after 25 years with the interest compounded annualy, semiannually, quarterly and monthly
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Don't forget that 
is expressed as a decimal
Plug in your numbers. For annual compounding, 
, for semiannual, 
, for quarterly, 
, and for monthly, 
.
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
suppose u invest 1500 dollars in an account paying 4.5% annual interest. Find the account (answered by Fombitz)
suppose you invest $1500 in an account paying 4.75% interest. Find the account balance... (answered by nyc_function)
if you invest 15,000 in an account paying 4% compounded annually what will the balance be (answered by lwsshak3)
You deposit $1500 into an acount that pays 5% interest that compounds yearly. Find the... (answered by ewatrrr)
Urgent!! Pls help!!!
you invest 2,000 in an acount paying 4.75% interest. Write an... (answered by ewatrrr)
You invest $1500 in an account with an interest rate of 8% for 12 years, making no other... (answered by lynnlo)
1. You deposit $500 in a savings account with 3% interest compounded annually. Whats is... (answered by lynnlo)
If i invest 20,000 in an account paying 7% compound annually what would be the balance... (answered by jim_thompson5910)
Suppose you invest $1500 at an annual interest rate of 5% compounded continuously. How... (answered by lwsshak3)
