document.write( "Question 1119368: If don Gecewicz invests $6000 at 7% interest compounded quarterly, find the amount after 7 years
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Algebra.Com's Answer #734900 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! Same problem, different numbers. \n" ); document.write( "======================= \n" ); document.write( "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( " |