Friday

January 30, 2015

January 30, 2015

Posted by **MaryJo** on Tuesday, December 18, 2012 at 8:00pm.

- Math, please! -
**Reiny**, Tuesday, December 18, 2012 at 8:08pm8% compounded quarterly ---> quarterly rate of 2% or .02

number of quarters in 2 years = 8

amount = 1000(1.02)^8 = $ 1171.66

- Math, please! -
**MaryJo**, Tuesday, December 18, 2012 at 8:11pmSmacking my forehead!!! ~ Thank you, Reiny, so much for your help!! ~ Two more days and finals will be behind me and i can move on! :)

**Answer this Question**

**Related Questions**

Algebra - I need to determine the amount of an investment if $1000 is invested ...

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 ...

math - An amount of $5000 is invested at an interest rate of 7% per year, ...

Algebra 1 - Find the final amount of an investment if $2,000 is invested at an ...

math - Compute the compound quarterly amount after 1 year for $100 invested at ...

compounded interest - calculate the future value of an investment of $8,500 if ...

Algebra - Need help with these--- 30. Suppose the area of a square is x^2 - 6x...

math/compound - Calculate the interest earned on an investment of 2500 invested...

algergra - determine the amount of an inverstment if 400.00 is invested at an ...