SOLUTION: Can someone help with the following 2 problems,I'm confused, thanks. Use formula for compuing fauture value using compound interest to determine value of the account: 1) Prin

Algebra ->  Finance -> SOLUTION: Can someone help with the following 2 problems,I'm confused, thanks. Use formula for compuing fauture value using compound interest to determine value of the account: 1) Prin      Log On


   

Question 734164: Can someone help with the following 2 problems,I'm confused, thanks.
Use formula for compuing fauture value using compound interest to determine value of the account:
1) Principal: $4,000, Interest: 8%, Quarterly, For 2 years
AND
2) Principal: $10,000, Interest: 6%, monthly, For 5 years
Answer by lynnlo(4176) About Me  (Show Source):
You can put this solution on YOUR website!
(1)$4,686.64
(2)$13,488.50