After 4 years, what is the total amount of an investment of $1500 in an account paying 2.5% interest, compounded quarterly?

$2226.76

$1657.24

$1576.66

$1827.60

Question

After 4 years, what is the total amount of an investment of $1500 in an account paying 2.5% interest, compounded quarterly?
		
$2226.76
		
$1657.24
		
$1576.66
		
$1827.60

anonymous · Answer

wowee a whole different topic
are you sure this is one class?

anonymous · Answer

paying 2.5% interest, compounded quarterly

 A= p(1+r/n) ^nt 

 A = 1500(1 + .025/4)^16

anonymous · Answer

yes @satellite73

anonymous · Answer

what @jayshon_rogers314 wrote use this to compute http://www.wolframalpha.com/input/?i=1500%281+%2B+.025%2F4%29^16