SOLUTION: I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account

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Question 672837: I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account at the end of 7 years?
I thought the equation was A=3700(1x.045)^7 but that gives me a negative number which isn't right. Thanks!
Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!

I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account at the end of 7 years?
I thought the equation was A=3700(1x.045)^7 but that gives me a negative number which isn't right. Thanks!

highlight_green%28A+=+3700%281+%2B+.045%2F4%29%5E%284%2A7%29%29

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