SOLUTION: Find the amount in an account where $500 is invested at 2.5% compounded quarterly for a period of 10 years.

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Question 1166827: Find the amount in an account where $500 is invested at 2.5% compounded quarterly for a period of 10 years.
Answer by ikleyn(52747) About Me  (Show Source):
You can put this solution on YOUR website!
.

    = 500%2A%281%2B0.025%2F4%29%5E%284%2A10%29 = 641.51 dollars.    ANSWER

Solved.

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To see many other similar solved problems, look into the lesson
    - Problems on discretely compound accounts
in this site, and learn the subject from there.


After reading this lesson, you will tackle such problems on your own without asking for help from outside.

Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lesson is the part of this online textbook under the topic "Logarithms".


Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.


Happy learning (!)