Posted by nichole on Sunday, July 3, 2011 at 8:31am.
Pt = Po(1+r)^n,
r APR / 4 = 4% / 4 = 1% = 0.01 = QPR =
Ouarterly percentage rate.
n=4 comp/yr * 6yrs = 24 comp. periods.
Pt = 1300(1.01)^24 = $1650.66.
Related Questions
College Algebra - Investment A: $5,000 invested for 7 years compounded ...
math help plz! - When Cody's son was born, he put $4,500 in an investment ...
Math! plz help! - When Cody's son was born, he put $4,500 in an investment ...
math help plz! - Calculate teh future value of quarterly payments of $1200 for 5...
math/ compounded - Scenario: A client comes to you for investment advice on his...
algebra - Find the accumulated value of an investment of $10,000 for 3 years at ...
algebra- Help fast - use the compound interest formula A=P(1+r/n)^nt and A=Pe^rt...
math - An amount of $5000 is invested at an interest rate of 7% per year, ...
algebra - determine the amount of an investment if $500 is invested at an ...
Algebra - Determine the amount of an investment if $500 is invested at an ...
For Further Reading
