SOLUTION: austin invested $12000 in and account at 11% compounded quarterly. find the amount in austin's account after a period of 6 years
12000*(1+.11/4)24
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12000*(1+.11/4)24
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Question 471715: austin invested $12000 in and account at 11% compounded quarterly. find the amount in austin's account after a period of 6 years
12000*(1+.11/4)24 Found 2 solutions by Alan3354, captainwuzhere21:Answer by Alan3354(69443) (Show Source):
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$14000 invested at 12% compounded semiannually after a period of 9 years
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11% quarterly --> 0.0275 per quarter
9 years = 36 quarters
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