Anonymous asked in Science & MathematicsMathematics · 1 month ago

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.

1 Answer

  • Jim
    Lv 7
    1 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

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