SOLUTION: find the accumulated value of an investment if $1500 is invested at 14% compounded quarterly for 2 years
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: find the accumulated value of an investment if $1500 is invested at 14% compounded quarterly for 2 years
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 605339
:
find the accumulated value of an investment if $1500 is invested at 14% compounded quarterly for 2 years
Answer by
rfer(16322)
(
Show Source
):
You can
put this solution on YOUR website!
A=1500(1+0.14/4)^8
you do the math