SOLUTION: Shawn deposited 4000 into an account with interest, compounded quarterly. Assuming that no withdrawals are made, how much will he have in the account after 9 years

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Question 745575: Shawn deposited 4000 into an account with interest, compounded quarterly. Assuming that no withdrawals are made, how much will he have in the account after 9 years
Found 3 solutions by lynnlo, ikleyn, josgarithmetic:
Answer by lynnlo(4176) About Me  (Show Source):
Answer by ikleyn(53570) About Me  (Show Source):
You can put this solution on YOUR website!
.
Shawn deposited 4000 into an account with interest, compounded quarterly.
Assuming that no withdrawals are made, how much will he have in the account after 9 years
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In the post, the value of the annual interest is missed by mistake,
so the problem is FATALLY DEFECTIVE and can not be solved.



Answer by josgarithmetic(39720) About Me  (Show Source):
You can put this solution on YOUR website!
If compounding is quarterly then for 9 years this is 36 compounding periods.