i = .075/4 = .01875
n = 20(4) = 80 quarters
amount = 5000(1.01875)^80
= ....
You do the button-pushing
Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.)
1 answer