Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

What is the final amount of a $300 investment earning 4.5% interest compounded quarterly for 3 years?

Sagot :

sydjamison
The formula A=P(1+(r/n))^nt should be followed when answering
300=P
R=0.045
N=4
T=3
300(1+(0.045/4))^4x3
Answer is=343.102
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.