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

Ann deposited $4000 into an account with 5.2 interest, compounded quarterly. Assuming that no withdrawals are made, how much will she have in the account after 3 years?

- math -
**MathMate**, Sunday, May 15, 2011 at 7:47pm
P=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

= ?

- math -
**KayBreshia**, Monday, September 19, 2016 at 9:57pm
Chris deposited $4,000 into an account with 2.6% interest, compounded quarterly. Assuming that no withdrawals are made how much will he have in the account after 4 years?

## Answer This Question

## Related Questions

- Math - Dan deposited $4000 into an account with 4.8% interest, compounded ...
- Math - Bermie deposited $ 4000 into an account that pays 45/a compounded ...
- math - Bernie deposited $ 4000 into an account that pays 45%/a compounded ...
- Lat math question for some days. Can y'all help? - Huan deposited $850 into a ...
- Math - suppose that when your friend was born your friends parents deposited $...
- math - Huan deposited $850 into a collegesavings account earning 4.8% ...
- MATH HELP! Complex Interest - Huan deposited $850 into a collegesavings account ...
- Math - A person wants to establish an annuity for retirement purposes. He wants ...
- math 142 - 1,000 are deposited into an account quarterlyâ€ƒâ€ƒfor eight years ...
- Math - Brody deposited $500 into an account that earns 4.2% interest compounded ...

More Related Questions