SOLUTION: If $12,000 is invested and interest is compounded quarterly, determine the amount of the investment after 5 years for the given interest rates. (Round your answers to two decimal p

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Question 745540: If $12,000 is invested and interest is compounded quarterly, determine the amount of the investment after 5 years for the given interest rates. (Round your answers to two decimal places.)
8% ?
Answer by lynnlo(4176) About Me  (Show Source):
You can put this solution on YOUR website!
COMPOUND INTEREST
$5,831.37
TOTAL AMOUNT
$17,831.37