document.write( "Question 1134514: $1000 is invested in an account that pays 4.5% compounded quarterly. What will the balance be after 10 years? \n" ); document.write( "

Algebra.Com's Answer #751927 by ikleyn(52798) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( " Calculations and the answer by @mathsolverplus are WRONG, which is OBVIOUS and is seen even by unarmed eye.\r
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\n" ); document.write( "\n" ); document.write( " I came to provide a correct solution.\r
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document.write( "Formula: \r\n" );
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document.write( "FV = \r\n" );
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document.write( "FV represents the Future Value\r\n" );
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document.write( "P represents the initial balance\r\n" );
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document.write( "r represents the yearly interest rate\r\n" );
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document.write( "n represents the amount of times that the interest is compounded per year\r\n" );
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document.write( "t represents the number of years\r\n" );
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document.write( "FV =  = 1564.38  dollars.    ANSWER\r\n" );
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