Ask Question
31 January, 21:56

The basic equation for calculating compound interest is A=P (1+r/n) ^ (nt). If 1400 is inve if 1400 is inverested at an interest rate of 6% per year, compounded quarterly, how much will the investment be worth at the end of 10 years?

+2
Answers (1)
  1. 31 January, 23:43
    0
    2539.63

    Step-by-step explanation:

    A = 1400 (1 + 0.06/4) ^ (4*10)

    = 2539.63
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The basic equation for calculating compound interest is A=P (1+r/n) ^ (nt). If 1400 is inve if 1400 is inverested at an interest rate of 6% ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers