Register

The basic equation for calculating compound interest is A=P(1+r/n)^(nt). If 1400 is inve if 1400 is inverested at an interest rate of 6% per year, compounded quarterly, how much…

The basic equation for calculating compound interest is A=P(1+r/n)^(nt). If 1400 is inve if 1400 is inverested at an interest rate of 6% per year, compounded quarterly, how much…
129k views
4 votes
The basic equation for calculating compound interest is A=P(1+r/n)^(nt). If 1400 is inve if 1400 is inverested at an interest rate of 6% per year, compounded quarterly, how much will the investment be worth at the end of 10 years?

User Andrius Solopovas
by
7.9k points

1 Answer

2 votes

Answer:

2539.63

Explanation:

A = 1400(1 + 0.06/4)^(4*10)

= 2539.63

User Phong Vu
by
8.5k points
← Prev Question Next Question →

Related questions

User Neiman
asked Nov 26, 2016 90.4k views
Which word part is the root in invert? in- ert inve -vert
Neiman asked Nov 26, 2016
by Neiman
8.2k points
2 answers
5 votes
90.4k views
User Bryc
asked Dec 23, 2020 203k views
Which of the following is the additive inve inverse of 1/2?
Bryc asked Dec 23, 2020
by Bryc
9.0k points
2 answers
1 vote
203k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!