Register
11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18years.
31.1k views
1 vote
11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18years.

User Pauly
by
6.9k points

1 Answer

2 votes
A=p(1+i/m)^mn
A=11,700×(1+0.039÷4)^(4×18)
A=23,527.94
User Jgubman
by
5.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.7m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!