aubreyratliff1 aubreyratliff1

04-04-2017
Mathematics

contestada

the basic equation for calculating compound interest is A=P(1+r/n)^(nt). if $1,400 id inverested at an interest rate of 6% per year, compound quarterly, how much will the investment be worth at the end if 10 years? show work

Respuesta :

Aliwohaish12 Aliwohaish12

04-04-2017

A=1,400×(1+0.06÷4)^(4×10)
A=2,539.63

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