SOLUTION: Write a compound interest function to model the situation : $12,000 invested at a rate of 6% compounded quarterly ; show all work please, thank you.

Algebra ->  Finance -> SOLUTION: Write a compound interest function to model the situation : $12,000 invested at a rate of 6% compounded quarterly ; show all work please, thank you.       Log On


   



Question 875962: Write a compound interest function to model the situation : $12,000 invested at a rate of 6% compounded quarterly ;
show all work please, thank you.

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=12000(1+0.06/4)^4t