SOLUTION: How much money will you have in 9 years if you invest $17,000 at 5.1% annual rate of interest-compounded quarterly? How much will you have if it is compounded monthly?

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Question 907861: How much money will you have in 9 years if you invest $17,000 at 5.1% annual rate of interest-compounded quarterly? How much will you have if it is compounded monthly?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
In General A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =
A%28t%29+=+17000%281%2B.051%2F4%29%5E%2836%29
....
A%28t%29+=+17000%281%2B.051%2F12%29%5E%28108%29