SOLUTION: Find the amount that results from the given investment. $400 invested at 4​% compounded quarterly after a period of 4 1/2 years After 4 1/2 years, the investment results in ?

Algebra ->  Finance -> SOLUTION: Find the amount that results from the given investment. $400 invested at 4​% compounded quarterly after a period of 4 1/2 years After 4 1/2 years, the investment results in ?      Log On


   



Question 1201782: Find the amount that results from the given investment.
$400 invested at 4​% compounded quarterly after a period of 4 1/2 years
After 4 1/2 years, the investment results in ?

Answer by josgarithmetic(39621) About Me  (Show Source):
You can put this solution on YOUR website!
Number of compound periods in that time is 18.

400%281.%2B0.04%2F4%29%5E18
400%281%2B0.04%2F4%29%5E18