Thursday

December 18, 2014

December 18, 2014

Posted by **Amy** on Tuesday, April 9, 2013 at 5:00am.

- UOG -
**Henry**, Wednesday, April 10, 2013 at 7:02pmP = Po(1+r)^n.

Po = $12,000

r = (4%/4)/100% = 0.01 = Quarterly % rate expressed as a decimal.

n = 4Comp./yr. * 2yrs. = 8 Compounding periods.

Plug the above values into the given Eq.

and get $12,994.28.

**Answer this Question**

**Related Questions**

Algebra - An initial investment of $480 is invested for 4 years in an account ...

pre calc - An initial investment of $12,000 is appreciated for 5 years in an ...

Math - An initial investment of $1000 is appreciated for 8 years in an account ...

math - An initial investment of $1240 is appreciated for 17 years in an account ...

college math - An initial investment of $1000 is appreciated for 4 years in an ...

Math - Using the compound interest formula A = P (1+ ((r)/ (n)) ^nt Find the ...

Algebra - Use the compound interest formula $18,000 is invested in an account ...

Math - Use the compound interest formula to solve: $18,000 is invested in an ...

Maths B - Kate is thinking about investing $45000 for 5 years. She deposits her ...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...