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
5.2k 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
5.8k points
1 vote

Answer:

10000 times 3 times 0.04 = 1200

User Themagicalyang
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.5m answers

Other Questions

Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
Solve for h 3h=7(2/7-3/7h)-10
Link Copied!