document.write( "Question 1046837: Find the compound amount on deposit at the end of one year if 20,000.00 is deposited at 4% compounded quarterly. \n" ); document.write( "

Algebra.Com's Answer #662276 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!
In General $\"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"$
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal = 20,000
\n" ); document.write( "r= annual rate = .04
\n" ); document.write( "n= periods per year = 4
\n" ); document.write( "t= years = 1
\n" ); document.write( " $\"A%28t%29+=+20000%281+%2B+.04%2F4%29%5E%284%29\"$
\n" ); document.write( " $\"A%28t%29+=+20000%281.01%29%5E%284%29\"$ Use Your calculator
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