SOLUTION: Find the amount that results from the investment. Round the answer to the nearest cent.$12,00 invested at 7% compounded quarterly after a period of 4 years.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Find the amount that results from the investment. Round the answer to the nearest cent.$12,00 invested at 7% compounded quarterly after a period of 4 years.      Log On


   

Question 1129522: Find the amount that results from the investment. Round the answer to the nearest cent.$12,00 invested at 7% compounded quarterly after a period of 4 years.
Answer by ikleyn(52814) About Me  (Show Source):
You can put this solution on YOUR website!
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You incorrectly presented the original amount.


If it is 12 dollars, it should be written as $12.00.


If it is 12 thousand dollars, it should be written as $12,000.