SOLUTION: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve. Find the accumulated value of an investment of $1900 at 10% compounded quarterly for 5 years.

Algebra ->  Functions -> SOLUTION: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve. Find the accumulated value of an investment of $1900 at 10% compounded quarterly for 5 years.      Log On


   

Question 616585: Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.
Find the accumulated value of an investment of $1900 at 10% compounded quarterly for 5 years.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi, 

Find the accumulated value of an investment of $1900 at 10% compounded quarterly for 5 years.

A+=+P%281+%2B+r%2Fn%29%5E%28nt%29+

A+=+1900%281+%2B+.10%2F4%29%5E%284%2A5%29+

A = 1900%281.025%29%5E%2820%29