document.write( "Question 990310: What amount of money is equivalent to receiving $5,000 two years from today, if interest is compounded quarterly at the rate of 2.5% per quarter? \n" ); document.write( "
Algebra.Com's Answer #610342 by rfer(16322) ![]() You can put this solution on YOUR website! 5000=P(1.025)^(2*4) \n" ); document.write( "5000/1.2184=P \n" ); document.write( "P=4103.74 \n" ); document.write( " |