document.write( "Question 724263: Find the balance in the account.
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document.write( "$2,400 principal earning 2%, compounded quarterly, after 7 years \n" );
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Algebra.Com's Answer #443676 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! Find the balance in the account. \n" ); document.write( "$2,400 principal earning 2%, compounded quarterly, after 7 years \n" ); document.write( "-------------- \n" ); document.write( "Interest per quarter = 0.5% \n" ); document.write( "# of quarters = 28 \n" ); document.write( "Balance = 2400*(1 + 0.005)^28 \n" ); document.write( " \n" ); document.write( " |