Thursday

November 27, 2014

November 27, 2014

Posted by **Anonymous** on Sunday, May 15, 2011 at 7:02pm.

- math -
**MathMate**, Sunday, May 15, 2011 at 7:47pmP=principal ($4000) or present value

r=interest rate per period (5.2% p.a.= 1.3% per quarter)

n=number of periods (3*4 quarters = 12)

Amount after 3 years (future value)

=P(1+r)^n

=4000(1.013)^12

= ?

**Answer this Question**

**Related Questions**

Math - Bermie deposited $ 4000 into an account that pays 45/a compounded ...

math - Bernie deposited $ 4000 into an account that pays 45%/a compounded ...

math - Huan deposited $850 into a collegesavings account earning 4.8% ...

Math - A person wants to establish an annuity for retirement purposes. He wants ...

college math - Cindy deposited $1,000 in an account that pays 12% interest ...

math - june made a initial deposit of 4700 in an account assuming an interest ...

Math - Please check my work, thank you If $7,800 is deposited into an account ...

Math - You plan to make 24 equal quarterly payments (payments are at the end of ...

math - Suppose that you deposit $1735.50 in a savings account that pays 9.25% ...

differential equation - If P(t) is the amount of dollars in a savings bank ...