Ben invests 19500 at 12 interest compounded quarterly for 10
Ben invests $19,500, at 12% interest, compounded quarterly for 10 years. Calculate the compound amount for his investment.
Ben invests $19,500, at 12% interest, compounded quarterly for 10 years. Calculate the compound amount for his investment.
Solution
Ben invests $19,500 at 12% interest compounded quarterly for 10 years,Caculate the compount amount for his investment.
compound amount for Ben investment=19500(1+.12/4)40 =$63609.7369
