Ask a New Question

Find how much money there will be in the account after the given number of years.

Principle $8500
Rate 4%
Coumpounded quarterly
Time 4 yeats

A=8500(1+.04/4)raised to 40th power
A=8500(1.01)raised to 40th power

I am stuck here, how do you raise to the 40th power

Ask a New Question or answer this question.

Similar Questions

Rob put some money in an investment account. He uses the function V(t)=480(1.065) ^t to model the total value of the account, in
1. 1 answer
Sam opened a savings account that accrues compound interest at a rate of 3% annually. Let P be the initial amount Sam deposited
1. 1 answer
Please help me, I have to solve these problems:My great-grandfather invested $ 9.00 in a savings account in 1909. The amount of
1. 1 answer
Peter has $2000 invested in an account that gives him 5% interest a year. Write an equation for the amount of money, m, in his
1. 2 answers

more similar questions