posted by Breanna on .
Using the compound interest formula
A = P (1+ ((r)/ (n)) ^nt
Find the amount of money in the account at the end of 10 years. (Show values substituted in the formula, and calculate the numerical amount.)
$18,000 is invested in an account paying 3% interest compounded quarterly.
A = 18,000*(1.0075)^40
If you don't have a calculator to do that, you can use Google: