How much would you have in a bank account at the end of 9 years if $9,390 is invested at 3% compound

Algebra
Tutor: None Selected Time limit: 1 Day

How much would you have in a bank account at the end of 9 years if $9,390 is invested at 3% compounded quarterly?

May 3rd, 2015

we have 4*9 = 36 quarterly 

so : the 3% of $9,390 is    9390 * 0,03 = 281,7 

so : 281,7 * 36 = 10141,2 

so : 9390 + 10141,2 = 19531,2

so : you have in a bank account after the 9 years  $19531,2

Good luck 

Please if you have an other homework call me first i will give you the best solution 

have a great day 

Karim


May 3rd, 2015

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