Algebra8
Jan 29, 2012, 07:55 AM
Find the ending balance in an account that opens with $3,000, earns 4.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) I used A=P(1 ti)N = 3,000(1 o.01125) = 4693.13. (which is wrong. Please show me how you arrived with your answer. I have a deadline to meet to meet today before 5p. Sorry