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4 years ago

Use the compound interest formula to find the compound amount on a $12,000 investment at 5% compounded quarterly for 4 years.

Mathematics

1 answer:

katrin2010 [14]4 years ago

5 1

Total = Principal * [1 + (rate/n)]^n*years
Where "n" is the compounding periods per year
Total = 12,000 * (1+(.05/4))^(4*4)
Total = 12,000 * (1.0125)^(16)
Total = 12,000 * 1.2198895477 
Total = 14,638.67

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Answer:

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Step-by-step explanation:

A. The formula for the volume of a hemisphere is ...

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brainly.com/question/15658113

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