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P= 600, r=6%, t= 7 years; compounded quarterly

P= 600, r=6%, t= 7 years; compounded quarterly
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3 votes
P= 600, r=6%, t= 7 years; compounded quarterly

asked
User Denys Medynskyi
by
8.8k points

1 Answer

0 votes

Answer:

Explanation:

A = 600(1 + 0.06/4)^(4*7)

A = 600(1.015)^28

A = 600(1.476)

A = $885.60

answered
User JamesL
by
9.4k points
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