document.write( "Question 1171327: An initial investment of $12,000i is appreciated for 9 years in an account that earns 7% interest, compounded quarterly. Find the amount of money in the account at the end of the period \n" ); document.write( "
Algebra.Com's Answer #796268 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "P is the initial principal ($12,000) \n" ); document.write( "A is the amount at the end of the given time \n" ); document.write( "r is the (annual) percentage rate (7%, i.e., 0.07) \n" ); document.write( "n is the number of compounding periods per year (4, since the compounding is quarterly) \n" ); document.write( "t is the time in years (9) \n" ); document.write( "Plug in the numbers and use a calculator.... \n" ); document.write( " \n" ); document.write( " |