SOLUTION: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t yr. (Round your answer to the nearest cent.) P = $52,000, r = 7.2%, t = 10.5, co

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Question 217002: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t yr. (Round your answer to the nearest cent.)
P = $52,000, r = 7.2%, t = 10.5, compounded quarterly
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=P(1+r/4)^4*10.5
A=52000(1+.018)^42
A=52000(2.115469)
A=$110.004.39