document.write( "Question 816622: an initial investment of $12,000 is appreciated at 2 years in an account that earns 5% interest, compounded quarterly. Find the amount of money in the account at the end of the period. \n" ); document.write( "
Algebra.Com's Answer #491618 by erica65404(394)![]() ![]() You can put this solution on YOUR website! we will use the equation \n" ); document.write( " \n" ); document.write( "A equals the amount invested \n" ); document.write( "r equals the rate or percentage \n" ); document.write( "n equals the number of times compounded in one year \n" ); document.write( "t equals the number of years it will be invested\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The money in the bank after 2 years will be $13,253.83 \n" ); document.write( " \n" ); document.write( " |