de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

You deposit 120 in an investment account that earns 6.4% annual interest compounded quarterly.What is the balance of the account after 6 years?

Lösung

Y o u d e p os i t 120 in an in v es t m e n t a cco u n t t ha t e a r n s 6.4% ann u a l in t eres t co m p o u n d e d q u a r t er l y . Wha t i s t h e ba l an ce o f t h e a cco u n t a f t er 6 ye a rs ?

Lösung

Amount : 175.64

Schritte zur Lösung

Translate the problem into an equation:

A = 120 (1 + \frac{0.064}{4})^{4 \cdot 6}

120 (1 + \frac{0.064}{4})^{4 \cdot 6} = 175.64275 \dots

Round to the nearest hundredth:

175.64

Amount : 175.64

Beliebte Beispiele

Beverly drove from Atlantic City to Newark. She drove for 284 miles at a constant speed of 58 mph How long did it take Beverly to complete the trip?the sum of the squares of 2 consecutive positive numbers is 61. find the numbers Suppose that when your friend was born, your friend's parents deposited 2000 in an account paying 5.7% interest compounded quarterly. What will the account balance be after 17 years?The product of two consecutive negative odd integers is 15. Find the value of the greater integer.a number that when decreased by 30% is 12