document.write( "Question 647886: What is the interest for year 1 of $76,000 CD at 4% year, compounded quarterly. \n" ); document.write( "
Algebra.Com's Answer #406493 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! A=P(1+0.04/4)^4 \n" ); document.write( "A=76000(1.0406) \n" ); document.write( "A=79085.90 \n" ); document.write( "interest=$3085.90 \n" ); document.write( " |