08-02-2017
Mathematics

Answered

5000 deposit earning 1.5 compounded quarterly after 3 years?

I know the answer but can you show me the work to the answer

Verified Answer :

Aliwohaish12 Aliwohaish12

08-02-2017

A=p(1+i/m)^mn
A=5000(1+0.015/4)^4*3
A==5,229.7

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