SOLUTION: Find the amount that result from the investment. $15,000 invested at an 11% compounded quarterly after a period of 14 years.

SOLUTION: Find the amount that result from the investment. $15,000 invested at an 11% compounded quarterly after a period of 14 years.

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Question 724481: Find the amount that result from the investment.
$15,000 invested at an 11% compounded quarterly after a period of 14 years.

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=15000(1+0.11/4)^4*14
FV=15000(1.0275)^56
FV=15000*4.5686
FV=$68,528.00
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