document.write( "Question 434949: What will be the future value in a year if $600 is invested at a rate of 15% compounded quarterly \n" ); document.write( "

Algebra.Com's Answer #301151 by mananth(16946) $\"\"$ $\"About$

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Principal P = 600
\n" ); document.write( "Amount= A
\n" ); document.write( "years=n 1
\n" ); document.write( "compounded 4 times a year
\n" ); document.write( "Rate = 15.00 0.04
\n" ); document.write( "Amount = P*((n+r)/n)^n
\n" ); document.write( "
\n" ); document.write( "Amount =600*(1+ 0.04)^1*4
\n" ); document.write( "Amount =600*(1+ 0.04)^4
\n" ); document.write( "600*(1.04)^4
\n" ); document.write( "Amount = $695.19
\n" ); document.write( " \n" ); document.write( "

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