‚ÄčIf $3000 is borrowed at a rate of 6.75% interest per year, compounded quarter

Algebra
Tutor: None Selected Time limit: 1 Day

If $3000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due at the end of the given number of years. (Round your answers to the nearest cent.)

(a)      3 years
 

(b)      5 years
 

(c)      7 years
Mar 31st, 2015

a)3667.18

b)4192.50

c)4793.06

this is the answer for compound interest

Mar 31st, 2015

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Mar 31st, 2015
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Mar 31st, 2015
Dec 10th, 2016
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