calculate the compound interest on a investment of $7,500 at 8% interest, compun

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

calculate the compound interest on a investment of $7,500 at 8% interest, compunded quarterly for 8 years. use the compound interest formula.

Jun 20th, 2015

Thank you for the opportunity to help you with your question!

A = P (1 + r/n) ^ nt

=$7500(1+0.08/4)^4*8

$64945.93 answer

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 20th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Jun 20th, 2015
...
Jun 20th, 2015
Jun 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer