Homework Help: math

Posted by Meg on Sunday, November 22, 2009 at 10:13pm.

Find the amount of money in an account after 12 years if $1000 is deposited at 5% annual interest compounded quarterly.

math - Reiny, Sunday, November 22, 2009 at 10:52pm
You should have a formula for that

amount = 1000( 1 + .05/4)^48
= .....

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