SOLUTION: $23,000 deposit in savings account with 8% interest and compound 4 times a year how much will she have after one year

SOLUTION: $23,000 deposit in savings account with 8% interest and compound 4 times a year how much will she have after one year

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Question 220353: $23,000 deposit in savings account with 8% interest and compound 4 times a year how much will she have after one year
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+.08/4)^4*1
A=23000(1.02)^4
A=23000(1.08243216)
A=$24,895.94
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