Thursday
April 2, 2015

Homework Help: math

Posted by Aleah on Friday, July 24, 2009 at 11:37pm.

June made an initial deposit of $5000 in an account for her son. Assuming an interest rate of 7% compounded quarterly, how much will the account be worth in 11 years? Round to the nearest cent. Can someone help me with this problem?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - june made a initial deposit of 4700 in an account assuming an interest ...
FINANCE - You deposit $2,000 in an account that pays 8% interest compounded ...
math - Ann deposited $4000 into an account with 5.2 interest, compounded ...
Math - You plan to make 24 equal quarterly payments (payments are at the end of ...
Math help - You plan to make 24 equal quarterly payments (payments are at the ...
math - An initial deposit of $5000 earns 5.5% annual interest compounded ...
Math - An initial deposit of $5000 earns 5.5% annual interest compounded ...
math - A deposit of $2,000 earns interest at a rate of 14% compounded quarterly...
Finance - You deposit $1000 in an account that pays 8% interest compounded ...
Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...

Members