# SOLUTION: how much money will there be in an account at the end of 10 years if \$16,000 is deposited at 7% interest compounded quarterly

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 Click here to see ALL problems on Money Word Problems Question 605886: how much money will there be in an account at the end of 10 years if \$16,000 is deposited at 7% interest compounded quarterlyAnswer by ewatrrr(10682)   (Show Source): You can put this solution on YOUR website! ``` Hi, how much money will there be in an account at the end of 10 years if \$16,000 is deposited at 7% interest compounded quarterly Note: In General: A = Accumulated Amount P= principal = \$16,000 r= annual rate = .07 m= periods per year = 4 t= years = 10 A= \$32,025.56 ```