Ask Question
11 September, 15:42

Find the Compound Amount.

Round to the nearest cent.

Amount = $980

Rate = 8%

Compounded = Quarterly

Time (Years) = 5

+2
Answers (1)
  1. 11 September, 16:09
    0
    A=p (1+i/m) ^mn

    A=980 * (1+0.08:4) ^ (4*5)

    A=1,456.23
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Find the Compound Amount. Round to the nearest cent. Amount = $980 Rate = 8% Compounded = Quarterly Time (Years) = 5 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers