SOLUTION: I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account

Question 672837: I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account at the end of 7 years?
I thought the equation was A=3700(1x.045)^7 but that gives me a negative number which isn't right. Thanks!
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account at the end of 7 years?
I thought the equation was A=3700(1x.045)^7 but that gives me a negative number which isn't right. Thanks!

Send comments and �thank-yous� to �D� at MathMadEzy@aol.com
RELATED QUESTIONS
I need help in finding quarterly interest. The question is: The bank guarantees to triple (answered by lwsshak3)

The First National Bank is offering a 5 year certificate of deposit (CD) at 4% interest... (answered by ikleyn)

How much money will there be in an account at the end of 4 years if $6000 is deposited at (answered by rfer)

Find the amount to which $3700 will grow if deposited in a bank at 5.29% interest... (answered by Fombitz)

i am having trouble with finding the rule for the function x y 0 3 2 4 4 5 (answered by jim_thompson5910)

hi, I am having trouble understanding this question: Five years ago Greg invested... (answered by josmiceli)

how much money will there be in an acount at the end of 5 years if $1500 is depositied at (answered by mananth)

What is the APY for money invested at each rate? A 15% compounded quarterly B 13%... (answered by Boreal)

I need help with this question Suppose $10,000 is invested at an annual rate of 5% for (answered by checkley71)