Mathematics, 02.10.2019 01:00 aromesburg
After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest, compounded quarterly? $37,153.21 $39,438.88 $44,440.71 $56,295.30
Answers: 2
 = 
, where m is the number of periods in
a year. There are 4 quarters in a year, so m =4. So,
= 0.0406
, where n=6, P = $35000,
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After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest,...
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