I am not quite sure what to do help please?
Use the compound interest formula. given three of the quantities, A, P, r and t, find the remaining one.
question:
When his first child was born a father put $3000 in a savings account that pays 4% annual interest, Compounded quarterly. How much will be in the account on the child's 18th birthday.
thanks :)

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

the interest is annual.... so to get the quarterly rate... divide the annual by 4...

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.