SOLUTION: Find the balance after 4 years if $12,000 is invested in an account that pays 4% compounded quarterly

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Question 1063722: Find the balance after 4 years if $12,000 is invested in an account that pays 4% compounded quarterly
Found 2 solutions by oscargut, ikleyn:
Answer by oscargut(2103) About Me  (Show Source):
You can put this solution on YOUR website!

Answer: $ 14070.94

You can contact me at my email for details : mthman@gmail.com
Thanks

Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

Future value = 12000%2A%281%2B0.04%2F4%29%5E%284%2A4%29 = 14070.94 dollars.