SOLUTION: how much will $10,500 become if it earns 9% per year for 60 years, compoundedd quarterly?

Question 617182: how much will $10,500 become if it earns 9% per year for 60 years, compoundedd quarterly?
Found 2 solutions by Alan3354, scott8148:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
how much will $10,500 become if it earns 9% per year for 60 years, compoundedd quarterly?
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60 yrs = 240 quarters
9%/year = 2.25% per quarter
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Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
10500 * [1 + (.09 / 4)]^(60 * 4)
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