Tuesday

January 27, 2015

January 27, 2015

Posted by **Anonymous** on Monday, November 12, 2007 at 6:00pm.

- math -
**drwls**, Monday, November 12, 2007 at 6:19pm1.5% (1/4 of 6%) interested is added each quarter. After four quarters, the value of the account is

8000*(1.015)^4 = $8491.

If interest had been compounded annually instead of quarterly, then the amount at the end of one year would be 8000*1.06 = $8480.

**Answer this Question**

**Related Questions**

math - Please help I know to figure out simple interest but what is the best way...

math please explian - I know how to do simple interest on a loan but how would I...

Math - What would be the amount of compound interest on $8,000 invested for one ...

math - What would be the compounded interest on $8,000 invested for onr year AT ...

math - compounded- what would be the amount of compound interest on $12,000 ...

Math - What would be the amount of compound interest on $8,000 invested for one...

MATH - What would be the amount of coumpound interest on $8,000 invested for one...

MATH - What wold be the amount of coumpound interest on $8,000 invested for one ...

math - what would be the amount of compound interest on %6,000 invested for 2 ...

Math - I really need help with this problem I am not getting it at all anyhelp ...