contestada

PLZ HELP NEED QUICKLY ILL GIVE BRAINLIEST!!

After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest, compounded quarterly?

Round to the nearest cent.

Respuesta :

Aliwohaish12
The formula is
A=p (1+r/k)^kt
A future value?
P present value 35000
R interest rate 0.04
K compounded quarterly 4
T time 6 years
A=35000×(1+0.04÷4)^(4×6)
A=44440.71

Hope it helps!
The correct answer is A=35000(1+0.04/4)^4(6) = $44440.71
Use the formula:
A=P(1+r/n) ^nt.
P = Principal.
R = Rate or percentage.
N = Quarterly = 4.
T = Time.

Otras preguntas