Amount

Algebra 2

Amount

Postby Guest » Tue Jun 28, 2022 1:03 pm

$100, at 7% interest, compounded quarterly, for 200 years, will yield x amt. Determine amount.

Unsure how to solve.
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Re: Amount

Postby Math Tutor » Wed Jun 29, 2022 1:30 am

There is a calcuator
https://www.math10.com/en/problem-solve ... r-apy.html

The formula is
[tex]100(1+\frac{0.07}{4})^{200*4}[/tex]

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Re: Amount

Postby Guest » Wed Jun 29, 2022 12:16 pm

Ok, Thanks.
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