document.write( "Question 1103381: IF DON INVESTS $6000 AT 9% INTREST COMPOUNDED QUATERLY, FIND THE AMOUNT AFTER 7 YEARS \n" ); document.write( "
Algebra.Com's Answer #718088 by snoreaylil(2)![]() ![]() ![]() You can put this solution on YOUR website! to solve you'll first need your equation which would be y=6000(1.09)^x \n" ); document.write( "then you find what 4x7 is because quarterly is 4 times a year 4x7=28 \n" ); document.write( "you plug 28 in for x so now your equation is y=6000(1.09)^28 \n" ); document.write( "y=6000(11.167) \n" ); document.write( "y=67,002 \n" ); document.write( "Don will have $67,002 after 7 years \n" ); document.write( " |