SOLUTION: how much money will you have in 7 years if you invest $16,000 at a 4.8% annual rate of interest compounded quarterly?
Algebra.Com
Question 931623: how much money will you have in 7 years if you invest $16,000 at a 4.8% annual rate of interest compounded quarterly?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =
= $22,344.69
RELATED QUESTIONS
How much money will you have in 10 years if you invest $2000 at a 4.5% annual rate of... (answered by rfer)
How much money will you have in 9 years if you invest $17,000 at 5.1% annual rate of... (answered by ewatrrr)
Suppose that you can invest your money at an annual interest rate of 8%, compounded... (answered by Boreal)
You invest an initial $100 in an account that has an annual interest rate of 3%,... (answered by solver91311)
You invest an initial $100 in an account that has an annual interest rate of 3%,... (answered by Boreal)
How much money would you need to invest now (lump sum) at an interest rate of 3.4%,... (answered by jorel1380)
Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. How... (answered by math_helper)
How much money will you have after 4 years if you invest $2000 at an annual rate of 5%... (answered by stanbon)
You would like to have $750000 when you retire in 40 years. How much should you invest... (answered by Boreal)