Posted by **candela** on Thursday, February 9, 2012 at 10:51pm.

Suppose $1,000 is compounded quarterly for 4 years. What rate is needed to reach a total of $2,000? Round to the nearest tenth of a percent.

use

a=p(1+r/n)^nt

## Answer This Question

## Related Questions

- consumer math - Jim opened an account with $400. The account pays three percent...
- algebra 2 - $9000 is invested at 8% compounded quarterly. In how many years will...
- algebra II - $9000 is invested at 8% compounded quarterly. In how many years ...
- Math (MS112) - What rate of interest, to the nearest tenth of a percent, ...
- Accounting - How do I calculate the future value of the following? $5,000 ...
- math - Shannon invests $3,000, at 8% interest, compounded quarterly for one year...
- FINANCE - You deposit $2,000 in an account that pays 8% interest compounded ...
- Math - Find total amount in the compound intrest account. $2000 is compounded ...
- Math - If a community clinic invested $3,000 in excess cash today, what would be...
- Finances and Math - Can someone please help me solve these problems or help me ...

More Related Questions