
Yefim S. answered 10/20/20
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A = A0(1 + r/n)nt = 16000(1 + 0.04/4)4·10 = $23821.82
Sean M.
asked 10/20/20If $16,000 is invested at 4% compounded quarterly, what is the amount after 10 years?
The amount after 10 years will be $ ______
Yefim S. answered 10/20/20
Math Tutor with Experience
A = A0(1 + r/n)nt = 16000(1 + 0.04/4)4·10 = $23821.82
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