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Find the accumulated value of an investment of $1200 at 6% compounded quarterly for 3 years

Find the accumulated value of an investment of $1200 at 6% compounded quarterly for 3 years
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Find the accumulated value of an investment of $1200 at 6% compounded quarterly for 3 years

User Simon Willison
by
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1 Answer

6 votes
A=p(1+i/m)^mn
A=1,200×(1+0.06÷4)^(4×3)
A=1,434.74
User Brian Rice
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