document.write( "Question 434949: What will be the future value in a year if $600 is invested at a rate of 15% compounded quarterly \n" ); document.write( "
Algebra.Com's Answer #713155 by amalm06(224) You can put this solution on YOUR website! FV = PV x [1+i/n]^nt\r \n" ); document.write( "\n" ); document.write( "PV=600 \n" ); document.write( "i=0.15 \n" ); document.write( "n=4\r \n" ); document.write( "\n" ); document.write( "FV=600x[1+0.15/4]^4=$695.19 (Answer) \n" ); document.write( " |