Question

Omar deposited $4000 into an account with 4.4% interest, compounded quarterly. Assuming that no withdrawals are made, how much will he have in the account after 10 years?
Do not round any intermediate computations, and round your answer to the nearest cent. ​

Answer 1

The formula you want is: fv=p(1+int/c)^(nc)
future value
principal
int
compound
years