SOLUTION: Suppose you invest $250 in an account that pays 4.5% interest compounded quarterly. After 30 months, how much is in your account?

Algebra.Com
Question 730041: Suppose you invest $250 in an account that pays 4.5% interest compounded quarterly.
After 30 months, how much is in your account?

Answer by lynnlo(4176)   (Show Source): You can put this solution on YOUR website!
$280.85
RELATED QUESTIONS

. Suppose you deposit $1,000 in an account that pays 12% interest, compounded quarterly. (answered by rfer)
sean plans to invest $10,000 in a savings account that pays 1.5% compounded quarterly.... (answered by addingup)
You deposit $1000 into an account that pays 4.8% interest compounded quarterly. A. Write (answered by Alan3354)
Suppose you invest your money into an account that pays 5.4% per year compounded... (answered by stanbon)
How much should you invest in an account earning 4% compounded quarterly to get $1000... (answered by jim_thompson5910)
You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8%... (answered by ewatrrr)
I am a little confused about this one. Can someone help me? Investing is an... (answered by KMST)
Part IV: Using Exponential Functions Investing is an important topic for... (answered by rfer)
You deposit $6,800 in a money-market account that pays an annual interest rate of 5.7%.... (answered by Edwin McCravy)