Register

What is the value that will grow to 24000 if intetest is 8% compounded quarterly for 15 quarters?

What is the value that will grow to 24000 if intetest is 8% compounded quarterly for 15 quarters?
asked 131k views
2 votes
What is the value that will grow to 24000 if intetest is 8% compounded quarterly for 15 quarters?

asked
User Lavanya Pant
by
8.0k points

1 Answer

6 votes

bearing in mind that a year has 4 quarters, so 15 quarters is really 15/4 years.



image



image

answered
User Chris Tapay
by
7.9k points
← Prev Question Next Question →

Related questions

User Knight Yoshi
asked Feb 8, 2019 197k views
Suppose 2000 is invested at an intetest rate of 8% what is the exponential growth function
Knight Yoshi asked Feb 8, 2019
by Knight Yoshi
7.1k points
1 answer
2 votes
197k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!