You invest $4000 into an account that compounds interest on a quarterly basis at 3%. How much money will you have after 5 years? Compound interest formula: A=P(1+r/n)^(nt) Figure out what P= r= n= t= Compound Interest Equation= Value after 5 years (round decimal two places)=

Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6 years?

A bank features a savings account that has an annual percentage rate of r = 5% with interest compounded quarterly. Laura deposits $10,500 into the account. P(1 + )". The account balance can be modeled by the exponential formula S(t) = where S is the future value, P is the present value, r is the annual percentage rate written as a decimal, n is the number of times each year that the interest is compounded, andt is the time in years. (A) What values should be used for P, r, and n? Р— r = n = (B) How much money will Laura have in the account in 9 years? Answer = $

A person puts $6,500 in a savings account. The bank pays 7% annual interest compounded quarterly. nt r A = P (1+ 5)" A = 6, 500 (1.0175)t