If Brad invests $2700 in an account paying 11% compounded quarterly. How much is in the account after 6 months?

  1. 👍 0
  2. 👎 0
  3. 👁 493
  1. 2700*[1 + (0.11/4]^2 = $2850.54

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    at the end of every 3 months, Rita deposits $100 into an account that pays 5% compounded quarterly. After 5 yrs, she puts the accumulated amount into a certificate of deposit paying 8.5% compounded semiannually for 1 yr. when this

  2. math

    Ann deposited $4000 into an account with 5.2 interest, compounded quarterly. Assuming that no withdrawals are made, how much will she have in the account after 3 years?


    Albert is saving up money for a down payment on a house. He currently has $4718, but knows he can get a loan at a lower interest rate if he can put down $5323. If he invests the $4718 in an account that earns 5% annually,

  4. MATH!!

    Joe and Susan invested $1500 at Bank of America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their investment added $500 and invested in at Bank Bravo, at 5%


    You deposit $2,000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.28% compounded quarterly. What will be the value of the account after 4 more years? (Do not round

  2. Finance

    3. Joe and Sue invested $2000 at Bank America in 1995, at 6% compounded quarterly. In the year 2000 they moved to another city and took the total money from their first investment added $500 and invested it at Bank Bravo, at 7%

  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


    . Sam won $150,000 in the Michigan lottery and decides to invest the money for retirement in 20 years. Find the accumulated value for Sam’s retirement for each of his options: (a) a certificate of deposit paying 5.4% compounded

  1. finance

    Jose invests $4000 in an investment account paying 8% annually for 12 years. Suppose the interest was compounded quarterly instead of annually. How much would the future value of the investment increase? Enter your answer as a

  2. math

    On July 1, 1996, Anna invested $2000 in an account that earned 6%/a compounded monthly. On July 1, 2001, she moved the total amount to a new account that paid 8%/a compounded quarterly. Determine the balance in her new account on

  3. bmath

    Ben invests $19,500 at 12% interest compounded quarterly for 10 years. Calculate the compound amount for his investment.

  4. Algebra ASAP

    Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account

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