SOLUTION: Find the ending balance in an account that opens with $6,000 earns 4.5% interest compunded quartley and is held for 20 years round your answer to neaest cent.
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Question 547690: Find the ending balance in an account that opens with $6,000 earns 4.5% interest compunded quartley and is held for 20 years round your answer to neaest cent. Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Principal P = 6000
Amount= A
years=n 20.00
compounded 4 times a year t
Rate = 4.50 0.01
Amount = P*((n+r)/n)^n*t