SOLUTION: $600 is invested at 8% compounded quarterly for three years. Find the amount at the end of three years. a. $144.00 b. $760.94 c. $744.00 d. $755.83

Algebra ->  Test -> SOLUTION: $600 is invested at 8% compounded quarterly for three years. Find the amount at the end of three years. a. $144.00 b. $760.94 c. $744.00 d. $755.83      Log On


   

Question 357256: $600 is invested at 8% compounded quarterly for three years. Find the amount at the end of three years.
a. $144.00
b. $760.94
c. $744.00
d. $755.83
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
A=p(1+rn)^nt
A=600(1+0.08/4)^12
A=760.94