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OpenStudy (harleygirl18):
HELP PLEASE,PLEASE Please help will medal Muriel opened a savings account with an annual interest rate of 9% and an initial deposit of $4000. If her interest is compounded quarterly, how much is in her account after 6 years? Round your answer to the nearest cent. interest compounded quarterly:A=P(1+r/4)4t
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OpenStudy (jimmykim):
A = 4000 (1+ .09/4) 4 * 6
OpenStudy (retireed):
Don't forget the 4*6 part is raised as a power. ^24
OpenStudy (retireed):
A = 4000 (1+ .09/4)^(4 * 6)
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