# Need math help to Find the accumulated amount A #4

Anonymous
account_balance_wallet \$5

### Question Description

Find the accumulated amount A if the principal P = \$11,000 is invested at the interest rate of r = 5% per year for t = 5.5 years, compounded quarterly.
 A. The accumulated amount is \$14,585.32. B. The accumulated amount is \$13,785.93. C. The accumulated amount is \$14,100.05. D. The accumulated amount is \$14,457.17.

JamesM847
School: New York University

the quarter interest rate is 5%/4 = 1.25%, and there are 4*5.5=22 quarter in 5.5 year, therefore the amount is

11000*(1+0.0125)^22   = 14457.17

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Anonymous
awesome work thanks

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