I need help with a business and finance question

Business & Finance
Tutor: None Selected Time limit: 1 Day

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

Nov 6th, 2015

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

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

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 6th, 2015

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