Register

You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded quarterly a) How much money will you have after ten years? Round to the nearest cent. b)…

You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded quarterly a) How much money will you have after ten years? Round to the nearest cent. b)…
asked 93.4k views
1 vote
You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded

quarterly

a) How much money will you have after ten years? Round to the nearest cent.

b) Find the interest after ten years.

asked
User Charlette
by
8.2k points

1 Answer

7 votes

Answer:

a) 6253.23

b) 2053.23

Explanation:

A = P (1+r/n)^nt

answered
User Eugene Nagorny
by
7.9k points
← Prev Question Next Question →

Related questions

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!