SOLUTION: Find the amount of money in account after 6 years if $4500 is deposited at 7% annual interest compounded quarterly.

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Question 819904: Find the amount of money in account after 6 years if $4500 is deposited at 7% annual interest compounded quarterly.
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi, In General
A = Accumulated Amount
P= principal = 4500
r= annual rate = .07
n= periods per year = 4
t= years = 6


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