SOLUTION: A man invests $10,000 in an account that pays 8.5% interest per year, Compounded quarterly. What is the amount of money that he will have After 1 year?

Question 909921: A man invests $10,000 in an account that pays 8.5% interest per year, Compounded quarterly. What is the amount of money that he will have After 1 year?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General for Compound Interest

A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =

RELATED QUESTIONS
A woman has a total of $7,000 to invest. She invests part of the money in an account that (answered by greenestamps)

A man invests $6500 in an account that pays 6% interest per year, compounded... (answered by rfer)

A woman has a total of $8,000 to invest. She invests part of the money in an account that (answered by greenestamps)

Suppose Karen has $1000 that she invests in an account that pays 3.5% interest compounded (answered by rothauserc,josmiceli)

A man makes a deposit of $50,000 into an account that pays an annual interest of 5%. How... (answered by math_tutor2020)

A woman has a total of $7,000 to invest. She invests part of the money in an account that (answered by josgarithmetic)

A man invests $3000 in an account that pays 7.5% interest per year, compounded quarterly. (answered by greenestamps)

I need help solving this problem. A man invests $7000 in an account that pays 7%... (answered by Theo)

You deposit $10,000 in an account that pays 5.5% interest compounded quarterly. A.... (answered by greenestamps)