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Find the final amount of money in an account if $ 6 , 100 is deposited...

Find the final amount of money in an account if $ 6 , 100 is deposited at 4 % interest compounded quarterly (every 3 months) and the money is left for 10 years.

The final amount is $__________

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Answer #1

4 . goa 4 % 100 Principal & P: $6100 0.04 n=4. to 10 yo Amant after 10 years 0:04 1 4x10 Glvo(1+ 0,04) **! 9082.07 (Ans.)

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