SOLUTION: Compute the total amount of money in an account that began with 25000 invested at 4% compounded quarterly for 5 years

SOLUTION: Compute the total amount of money in an account that began with 25000 invested at 4% compounded quarterly for 5 years

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Question 868032: Compute the total amount of money in an account that began with 25000 invested at 4% compounded quarterly for 5 years

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

In General
A = Accumulated Amount
P= principal = 25000
r= annual rate = .04
n= periods per year = 4
t= years = 5

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