SOLUTION: A man invests $10,000 in an account that pays 8.5% interest per year, Compounded quarterly. What is the amount of money that he will have After 1 year?
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Question 909921: A man invests $10,000 in an account that pays 8.5% interest per year, Compounded quarterly. What is the amount of money that he will have After 1 year? Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! In General for Compound Interest
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =
