jocekinn
jocekinn jocekinn
  • 10-04-2017
  • Mathematics
contestada

Find the Compound Amount.
Round to the nearest cent.

Amount = $980
Rate = 8%
Compounded = Quarterly
Time (Years) = 5

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 10-04-2017
A=p(1+i/m)^mn
A=980×(1+0.08÷4)^(4×5)
A=1,456.23
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