John invested an inheritance that earned an annual rate of interest of 5.25% compounded quarterly for 20 years and now had $250000 in acct.?
Algebraically calculate how much John inherited.
- JimLv 71 month ago
just plug in your numbers
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed