Math
posted by Help .
Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 5 years.

5000(1+.075/4)^(5*4)
= 5000 * 1.01875^{20}
Respond to this Question
Similar Questions

math
Find the ending balance in an account that opens with $6,950, earns 10.5% interest compounded monthly, and is held for 15 years. 
algebra
Find the ending balance in an account that opens with $6,000, earns 4.5% interest compounded quarterly, and is held for 10 years. (Round your answer to the nearest cent.) 
ALGEBRA
Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) 
ALGEBRA
Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) I had $750.05 
ALGEBRA
Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) 
ALGEBRA
Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) 
Math
Find the ending balance in a account that opens with 6,480, earns 8.5% interest compounded monthly, and is held for 15 years. 
math
Find the ending balance in an account that opens with $5,000, earns 2.5% interest compounded quarterly, and is held for 5 years. (Round your answer to the nearest cent.) $ 1 
accounting
Find the ending balance in an account that opens with $9,000, earns 4.5% interest compounded quarterly, and is held for 5 years. (Round your answer to the nearest cent.) 
math
Find the ending balance in an account that opens with $6,000, earns 6.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.)