Register
PLEASE HELP what is the amount of an investment $10,000 compounded quarterly for 3 years at a rate of 4 percent?
219k views
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
7.0k 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
7.3k points
1 vote

Answer:

10000 times 3 times 0.04 = 1200

User Themagicalyang
by
7.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.4m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!