answer to $3500 for 5 years at 6% compounded quarterly

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1 Answer

?????????????? wotz the quesshun ?????????

??? maebee yu want kompound interest addet tu start $ ????????

???? start $= 3500$ ???

Kompound interest at 6% with quarter kompound, for 5 yeers become...

(1.015)^20...1.34685500655005

so end$=1.34685500655005* start$

=3500*1.24685...

=4,713.992522925175

or 4,713.99$
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