## anonymous 5 years ago An initial investment of \$12,000 is appreciated for 8 years in an account that earns 12% interest, compounded quarterly. Find the amount of money in the account at the end of the period. I got 18,909.99. Is this right?

1. anonymous

$12000(1+\frac{.12}{4})^{32}$

2. anonymous

that is not what i got. i got 1649.93

3. anonymous

let me try again

4. anonymous

are you using a formula different from the one that i wrote?

5. anonymous

i just did it using your formula and i got 30900.99, which is the correct answer