Friday

October 24, 2014

October 24, 2014

Posted by **Annie** on Wednesday, January 11, 2012 at 5:14pm.

- Math -
**Henry**, Thursday, January 12, 2012 at 6:53pmI'm assuming you mean the rate changes to 9 % after 3 years.

Pt = Po(1+r)^n.

r = (10%/4) / 100% = 0.025 = Quarterly % rate exprssed as a decimal.

n = 3 yrs * 4 comp / yr. = 12 Comp. periods.

Pt = $9000(1.025)^12 = $12,104 After 3

years.

r = (9%/2) / 100% = 0.045 = Semi-annual

@ rate expressed as a decimal.

n = 2 Comp./yr * 2 yrs = 4 Comp.periods

Pt = $9000(1.045)^4 = $10.732.67.

Total value = $12,104.00 + 10,732.67 =

$22,836.67.

- Math -
**Henry**, Thursday, January 12, 2012 at 7:04pmCorrection:

Pt = $12,104(1.045)4 = $14,434.25. =

Total value after 5 years.

- Math -
**Sydney**, Tuesday, January 8, 2013 at 9:15pmCorrection:

Accumalated Value = $12,104(1.045)^4

= $14,434.25.

(total value after 5 years

**Answer this Question**

**Related Questions**

Math - How much must you deposit in an account that pays 6% semi-annual interest...

math(compunded interest ) - 6.how long will it take for a sum of money to ...

Math - How much must you deposit in an account that pays 6% semi-annual ...

Algebra - Show how you substitute the values into the formula, then use your ...

value of money - Which is a better rate of interest, 16% compounded quarterly or...

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

Finance - You deposit $1000 in an account that pays 8% interest compounded ...

math(compunded interest ) - 9. FIND THE EFFECTIVE RATE THAT IS EQUIVALENT TO: i...

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

math(compund interest ) - 10.On 16 April 1990, $5000 was invested at 6% ...