document.write( "Question 443411: if you deposit 4500 in an account that earns 3.5% annual interest, whats the balance after one year if the interest is compounded annually? also monthly and quarterly? \n" ); document.write( "
Algebra.Com's Answer #305846 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! A=4500(1+0.035) \n" ); document.write( "A=4657.50 \n" ); document.write( "--------------- \n" ); document.write( "A=4500(1+0.035/12)^12 \n" ); document.write( "A=4500(1.0029)^12 \n" ); document.write( "A=4500*1.03536 \n" ); document.write( "A=4659.12 \n" ); document.write( "--------- \n" ); document.write( "You do the last one. \n" ); document.write( " |