SOLUTION: Find the compound interest earned by the deposit. Round to the nearest cent.
$1800 compounded quarterly at 4% for six years. I tried the formula for your question #201910 but that
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$1800 compounded quarterly at 4% for six years. I tried the formula for your question #201910 but that
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Question 319698: Find the compound interest earned by the deposit. Round to the nearest cent.
$1800 compounded quarterly at 4% for six years. I tried the formula for your question #201910 but that one is compounded annually instead. Answer by rfer(16322) (Show Source):
You can put this solution on YOUR website! A=P(1+r/n)^nt
A=1800(1+.04/4)^4*6
A=1800(1.01)^24
A=1800(1.26973649)
A=2285.53
2285.53-1800=$485.53
r=rate
n=compounding periods per year
t=number of yrs
A=total
(