<PRE><B>Question 1087537</B>
Question:
Find the amount that results from the given investment.
$200.00 invested at 10% compounded quarterly after a period of 3 1/2 years 
 
Solution:
Principal, P=$200
APR=10%
interest per period (quarter), i=0.10/4=0.025
number of periods, n=3.5*4=14
 
Future value (accumulated amount)
=P(1+i)^n
=200*(1+0.025)^14
=200*(1.41297)
=$282.59</PRE>