Asked by Austin
what is the value of a saving account after 12years when $12,000.00 is initially deposited and interest is earned at the rate of 4.5% compounded quarterly
Answers
Answered by
Reiny
i = .045/12 = .00375
what is 12000(1.00375)^48 ?
what is 12000(1.00375)^48 ?
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