document.write( "Question 860420: find the amount of money in an account after 7 years if $4100 is deposited at 6% annual interest compounded quarterly. ASSUME NO MONEY is withdrawn\r
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Algebra.Com's Answer #518406 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
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document.write( "Hi,
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document.write( " In General  In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
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document.write( "A = Accumulated Amount
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document.write( "P= principal = 
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document.write( "r= annual rate = .
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document.write( "n= periods per year = 
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document.write( "t= years =
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document.write( "\"A%287%29+=+4100%281%2B+.06%2F4%29%5E%284%2A7%29\" = $6220.61 (rounded to nearest penny)\r
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