SOLUTION: Suppose you deposit $ 1800 in an account with an annual interest rate of 8 % compounded quarterly. a. Find an equation that gives the amount of money in the account after t year

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Question 598529: Suppose you deposit $ 1800 in an account with an annual interest rate of 8 % compounded quarterly.
a. Find an equation that gives the amount of money in the account after t years. P(t) =
b. Find the amount of money in the account after 6 years. $
c. How many years will it take for the account to contain $ 3600? years
d. If the interest were compounded continuously, how much money would the account contain after 6 years? $
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A)
A=P(1+0.08/4)^rt
you do B & C
D)
A=Pe^rt
A=P(2.7183)^rt