Wednesday
March 22, 2017

Post a New Question

Posted by 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 - , Friday, June 11, 2010 at 7:17am

    12,000*(1.0175)^20 = $16,977.34

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question