Find the final amount. $4000 invested at 11% APR compounded quarterly for 5 years The final amount is $ nothing. (Do not round until the final answer. Then round to the nearest hundredth as needed.

Solution:

The formula for compound interest, including principal sum, is:

Where,

A = the future value of the investment

P = the principal investment amount\

r = the annual interest rate in decimal

n = the number of times that interest is compounded per unit t

t = the time the money is invested

From given,

p = 4000

t = 5

n = 4 ( compounded quarterly )

Substituting the values in formula,

Thus the final amount is $ 6881.71

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.