Ask Question
11 February, 22:44

The basic equation for calculating compound interest is A=P (1+r/n) ^ (nt). if $1,400 id inverested at an interest rate of 6% per year, compound quarterly, how much will the investment be worth at the end if 10 years? show work

+4
Answers (1)
  1. 12 February, 01:11
    0
    A=1,400 * (1+0.06:4) ^ (4*10)

    A=2,539.63
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The basic equation for calculating compound interest is A=P (1+r/n) ^ (nt). if $1,400 id inverested at an interest rate of 6% per year, ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers