Question

We deposited 7,500 dollars into a savings account which pays 3.6 percent annual interest, compound quarterly.How long after the money is deposited will the account balance be 9,750 dollars?What initial deposit will generate a balance of 12000 dollars in exactly 4 years and 6 months?

Sep 28, 2010

Related Questions

Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) o... Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) o... Larry invested $27,000 in a savings account that pays an annual interest rate of 1.8%. The savings a... zeenthezine If P dollars is invested in a savings account that pays 5 percent annual interest, comp...