SOLUTION: $12,000 invested at 7% compounded quarterly after a period of 8 years

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: $12,000 invested at 7% compounded quarterly after a period of 8 years      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 516494: $12,000 invested at 7% compounded quarterly after a period of 8 years
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=12000(1+0.07/4)^8*4
A=12000(1.74221)
A=$20,906.56