SOLUTION: how much money will there be in an account at the end of 10 years if $11000 is deposited at 3% interest compounded quarterly?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: how much money will there be in an account at the end of 10 years if $11000 is deposited at 3% interest compounded quarterly?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 947511: how much money will there be in an account at the end of 10 years if $11000 is deposited at 3% interest compounded quarterly?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=11000(1.0075)^(4*10)
FV=11000(1.348349)
FV=14,831.83