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Find the amount in an account if $45,050 is invested at 7.001% compounded quarterly, for 12 years and 3 months.
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Find the amount in an account if $45,050 is invested at 7.001% compounded quarterly, for 12 years and 3 months.
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May 27, 2017
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Find the amount in an account if $45,050 is invested at 7.001% compounded quarterly, for 12 years and 3 months.
Mathematics
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Pykam
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a=future amount
p=present amount
r=rate in decimal
n=number off time per year compouonded
t=time in years
P=45,050
r=0.07001
n=4
t=1.25
A=49132.8798
round
A=$49,132.88
Ywiyogo
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May 31, 2017
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Ywiyogo
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