laurenellis68 laurenellis68

24-05-2019
Mathematics

contestada

The amount of an ordinary $9000.00 annuity for 3 years at 12 percent compounded quarterly is _______?

Respuesta :

claudettemartinez claudettemartinez

24-05-2019

Answer:

$9000.00[1+{(12/100)/4}]4*3= $1112.40

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"As the formula stands like A=P(1+rn)nt where

A = Amount.

P= Principal

r=rate of interest expressed as percentage

n=number of times the interest is compounded in a year

t=total time"

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