Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Find the amount that results from the given investment.
$100 invested at 11% compounded quarterly after a period of 3 years

Sagot :

francocanacari

Answer:

$138.27.

Step-by-step explanation:

Given that it is required to obtain the amount of money that arises from $ 100 invested at 11% compounded quarterly after a period of 3 years, to determine said amount the following calculation must be performed:

X = 100 x (1 + 0.11 / 3) ^ 3x3

X = 100 x (1 + 0.03666) ^ 9

X = 100 x 1.03666 ^ 9

X = 100 x 1.3827

X = 138.27

Thus, the amount that will arise from said investment is $ 138.27.

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.