pbanks69 pbanks69
  • 28-08-2017
  • Mathematics
contestada

4000 is compounded quarterly at a rate of 7 percent for 6 years find the total amount

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buddynutty
buddynutty buddynutty
  • 28-08-2017
the answer u are looking for is 24,000
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jrobinson5800
jrobinson5800 jrobinson5800
  • 28-08-2017
4000=x+(1+0.07)^6 you are using the equation F=I+(1+R)^T
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