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Alexeev081 [22]
3 years ago
11

Using the formula calculate the value of an initial investment of $4,500 after 10 years at 4% interest, compounded quarterly (fo

ur times per year).
Mathematics
1 answer:
m_a_m_a [10]3 years ago
8 0

Answer:

A = P(1 + r/n) ^nt

  4500 x (1 + (4/100)/4)^(10 x 4)

  4500 x (1.01)^40

  6699.89$

Step-by-step explanation:

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