Algebra please help

$11,000, invested for 9 years at 3% compounded quarterly.

  1. 👍 0
  2. 👎 0
  3. 👁 227
  1. 11000(1+.03/4)^(4*9)

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. maths

    Ty received a separation payment of $25 000 from his former employer when he was 35-years old. He invested that sum of money at 5.5% compounded semi-annually. When he was 65, he converted the balance into an ordinary annuity

  2. trig

    If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years?

  3. UOG

    An initial investment of $12,000 is invested for 2 years in an account that earns 4% interest compounded quarterly. Find the amount of mnoey in the account at the end of the period.

  4. Math

    Ernie invested $5,000 in an account for 3 years at 4% interest compounded quarterly Inflation over the period averaged 2% per year. a. Calculate the value of the investment after 3 years b. find the real rate of return on the

  1. Economics

    A man wishes to bequeath to his daughter P20,000 ten years from now. What amount should he invest now if it will earn interest of 8% compounded annually during the first 5 years and 12% compounded quarterly during the next 5

  2. algebra

    determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years?

  3. Math , check my answer ?

    Lynne invested $35,000 into an account earning 4% annual interest compounded quarterly. She makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5 years? $37,153.21

  4. finance

    $11,000, invested for 9 years at 3% compounded quarterly.

  1. Mathematics

    Find the interest earned if RM 7500 is invested for 6 years at 6.4% compounded quarterly.

  2. math

    If $86,000 is invested in an annuity that earns 5.2%, compounded quarterly, what payments will it provide at the end of each quarter for the next 3½ years?

  3. math

    What is $600 invested at 9% interest, compounded quarterly, worth in 3 years? a. $640.50 b. $641 c.$762 d.$784

  4. Algebra

    An investment grows according to the exponential equation y = 15,000 · 1.07x, where x is the number of years invested. Which of the following statements is true? A. The investment will continue to grow at a rate of 7% per year

You can view more similar questions or ask a new question.