I need help with a business and finance question

Anonymous
account_balance_wallet \$5

Question Description

Principle = 900 compounded quarterly for a period of 10 years at 11%, 3%, and 5% interest rate.

peterrock
School: UC Berkeley

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

where

A-amount

p-principle amount

r-rate

n-number of times the interest is compounded annually

t-number of years

at 11%

A=900(1+0.11/4)^4*10=2,663.8865

at 3%

A=900(1+0.03/4)4*10=1,213.5138

at 5%

A=900(1+0.05/4)4*10=1,479.2575

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Anonymous
awesome work thanks

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