Homework Help: Math

Posted by Annie on Wednesday, January 18, 2012 at 4:02pm.

Bermie deposited $ 4000 into an account that pays 45/a compounded quarterly during the first year. The interest rate on this account is then increased by o.2% each year. Calculate the balance in Bernie's account after three years.

Math - Reiny, Wednesday, January 18, 2012 at 5:14pm
"45/a compounded quarterly" ??

check your typing
Math - Annie, Wednesday, January 18, 2012 at 6:41pm
oh sorry 45%/a

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