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to pay for new machinery in 9 years, a company owner invests $15,000 at compunded quarterly, How much money will be available in 9 years? round your answers to the nearest cent. in 9 years there will be
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to pay for new machinery in 9 years, a company owner invests $15,000 at compunded quarterly, How much money will be available in 9 years? round your answers to the nearest cent. in 9 years there will be $ available

User Yee
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1 Answer

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I would need to know the rate at which it is compounded each year, but the equation to solve it is
in the image.
to pay for new machinery in 9 years, a company owner invests $15,000 at compunded-example-1
User Hernandez
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