Question

Investment Problems

Harley invested $4500 at 6.5% interest compounded quarterly.

How much will the investment be worth in 5 years?
A) $5,816.15
B) $6,410.19
C) $5,512.21
D) $6,211.89 Investment Problems

Harley invested $4500 at 6.5% interest compounded quarterly.

How much will the investment be worth in 5 years?
A) $5,816.15
B) $6,410.19
C) $5,512.21
D) $6,211.89 @Mathematics

Answer 1

please help!

Answer 2

Interest is on 1$ or 100$?

Answer 3

What!?

Answer 4

BOOOOO@!!!

Answer 5

Fool2 -_- !

Answer 6

P = A*(1+r/n)^(nt) A=4500, r=.065 (6.5% written as a decimal), n=4 (number of times interest is compounded every year), t=5 (number of years)

Answer 7

It's on 100$ answer is 6211.89

Answer 8

\[ 4500 (1+(6.5/400)){}^{\wedge}20 \]

Answer 9

yes! :)

Answer 10

AWWW okay thank u!! :P!

Answer 11

You are welcome fellow fool :P