Ask Question
3 February, 22:23

Find the Compound Amount.

Round to the nearest cent.

Amount = $980

Rate = 8%

Compounded = Quarterly

Time (Years) = 5

+3
Answers (1)
  1. 3 February, 22:54
    0
    A=p (1+i/m) ^mn

    A=980 * (1+0.08:4) ^ (4*5)

    A=1,456.23
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Find the Compound Amount. Round to the nearest cent. Amount = $980 Rate = 8% Compounded = Quarterly Time (Years) = 5 ...” 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