Find the amount in the account for the given principal interest rate, time, and compounding period . P=\$600 , r=6\% , t = 9 years ; compounded quarterly

The amount in the account for the given principal P=$600, interest rate, r=6% , time t = 9 years ; compounded quarterly n = 4 is $1026

Step-by-step explanation:

We are given:

Principal Amount P=$600

Interest rate r = 6% = 0.06

Time t = 9 years

Compounded quarterly n = 4

We need to find future value A.

The formula used is:

Putting values and finding future value

So, the future value A = $1026

The amount in the account for the given principal P=$600, interest rate, r=6% , time t = 9 years ; compounded quarterly n = 4 is $1026

.632

step-by-step explanation:

6 * 1/10 = 3/5

3*0.01 = 0.03

3/5 + 0.03 = .63

2*0.002 = .002

.63 + 0.002 = .632

45

step-by-step explanation: