Posted by joanie on Thursday, June 10, 2010 at 8:53pm.
An initial investment of $12,000 is appreciated for 5 years in an account that earns 7% interest, compounded quarterly. Find the amount of money in the account at the end of the period

pre calc  drwls, Friday, June 11, 2010 at 7:17am
12,000*(1.0175)^20 = $16,977.34