find the maturity value and interest if 50,000 is deposited in a bank at 3% compounded quarterly for 6 years.

find the maturity value and interest if 50,000 is deposited in a bank

1.	find the maturity value and interest if 50,000 is deposited in a bank at 3% compounded quarterly for 6 years.
Answer» quarterly?FORMULAS where n = 1 (compounded once per period or unit t)Calculate Accrued AMOUNT (PRINCIPAL + Interest) A = P(1 + r)tCalculate Principal Amount, SOLVE for P. P = A / (1 + r)tCalculate rate of interest in decimal, solve for r. r = (A/P)1/t - 1.Calculate rate of interest in percent. ... Calculate TIME, solve for t.Step-by-step explanation:follow mw

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find the maturity value and interest if 50,000 is deposited in a bank at 3% compounded quarterly for 6 years.​

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find the maturity value and interest if 50,000 is deposited in a bank at 3% compounded quarterly for 6 years.