Math

posted by .

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

  • Math -

    5000(1+.075/4)^(5*4)
    = 5000 * 1.0187520

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. 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.
  2. 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.)
  3. 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.)
  4. 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
  5. 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.)
  6. 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.)
  7. 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.
  8. 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
  9. 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.)
  10. 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.)

More Similar Questions