document.write( "Question 1119367: If Don Gecewicz invests $4000 at 5% interest compounded quarterly, find the amount after 3 years \n" ); document.write( "
Algebra.Com's Answer #734899 by Alan3354(69443) You can put this solution on YOUR website! If Don Gecewicz invests $4000 at 5% interest compounded quarterly, find the amount after 3 years \n" ); document.write( "-------------- \n" ); document.write( "3 years = 12 quarters \n" ); document.write( "5%/year = 1.25%/quarter \n" ); document.write( "------------- \n" ); document.write( "AMT = $5000*(1 + 0.0125)^12 \n" ); document.write( " |