Homework Help: math

Posted by denise on Monday, December 10, 2012 at 6:00pm.

june made a initial deposit of 4700 in an account assuming an interest rate of 12% compounded quarterly how much will the account be worth in 10 years

math - Damon, Monday, December 10, 2012 at 6:14pm
40 periods at 12/4 = 3% each

1.03^40 = 3.262

4,700 * 3.262 = $ 15,331.58

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