math
posted by Iyeisha .
An amount of $5000 is invested at an interest rate of 7% per year, compounded quarterly.
Find the value A(t) of the investment after t years.

A(t) = Ao(r + 1)^n.
r = (7/4) / 100 = 0.0175 = Quarterly
percentage rate(QPR).
n = 4 comp / yr * t yrs = 4t.
t = Time for maturity or withdrawal in years.
A(t) = 5000(1.0175)^4t.
A(5) = 7073.89.
A(8) = 8711.07.
Respond to this Question
Similar Questions

Math
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded … 
Calculus :)
If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 11 years if interest is compounded annually ____ Find the amount in the bank after 11 years if interest is … 
math
Compute the compound quarterly amount after 1 year for $100 invested at 12% interest compounded quarterly. What simple interest rate will yield the same amount in 2 years? 
Compound interest
Hello My teacher skipped over this and I have no clue how to do this or the equations. Help would be wonderful thank you If 6000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in … 
Math
If $1500 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after 3 and 6 years. What formula would i use? 
trig
If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years? 
math
If $3500 is invested at an interest rate of 6.25% per year, compounded continuously, find the value of the investment after the given number of years. a) 3 years b) 6 years c) 9 years 
Calculus Please help!
If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? 
math
If $15,000 is invested at an interest rate of 10% per year, compounded monthly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) a. 6 years b. 12 years c. 18 years 
PRECALCULUS
Find the accumulated value of a $5000 investment which is invested for 8 years at an interest rate of 12% compounded: (a) annually (b) semiannually (c) quarterly (d) monthly (e) continuou