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PLEASE HELP what is the amount of an investment $10,000 compounded quarterly for 3 years at a rate of 4 percent?

PLEASE HELP what is the amount of an investment $10,000 compounded quarterly for 3 years at a rate of 4 percent?
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3 votes
PLEASE HELP

what is the amount of an investment $10,000 compounded quarterly for 3 years at a rate of 4 percent?

User Glen
by
8.1k points

2 Answers

0 votes

Answer:

11268.25

Explanation:


P(1+(i)/(n))^(n*t)=10000(1+(.04)/(4))^(4*3)=11268.2503

User Nijikokun
by
8.9k points
1 vote

Answer:

10000 times 3 times 0.04 = 1200

User Themagicalyang
by
8.0k points
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