Homework Help: Math

Posted by Robbyne on Tuesday, February 9, 2010 at 6:59pm.

If I got an income tax refund of $650 and invest the money in an account that pays 8% interest, compounded quarterly, how much will I have at the end of 10 years?

Math - Reiny, Tuesday, February 9, 2010 at 8:00pm
Amount = 650(1.02)^40
= ... use your calculator, mine is not handy at the moment

Answer this Question

Related Questions

math - David has just received his income tax refund of $1438.11, and he needs...
Math - A woman has a total of $9000 to invest. She invests part of the money in ...
math - A woman has a total of $9,000 to invest. She invests part of the money in...
math - ...A woman has a total of $9,000 to invest. She invests part of the ...
math - suppose you invest $500 in a savings account that pays 3.5% at an annual ...
Algebra 1 - You have $6000 to invest in two stock funds. The first fund pays 5% ...
College Algebra - The value of the expression (4220 + 0.25 (x - 30,650) is the ...
college - 124. Marriage penalty eliminated. The value of the expression 4220 + 0...
algebra - 124. Marriage penalty eliminated. The value of the expression 4220 + 0...
math - you invest $10,000 in a savings account that pays 6.6%, compounded ...

For Further Reading

First Name:
School Subject:
Answer: