Suppose that $1200 is invested at 612%, compounded quarterly. How much is in the account at the end of 5 years?
Round your answer to the nearest cent.
Do NOT round until you calculate the final answer.
Do not include the dollar sign.

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

mrbilldoesmath!

answer: a parabola

steps:

(x-1)(x+4)   = x(x+4) - 1(x+4) = (x^2 + 4x) - (x+4)

                = x^2 +4x -x -4   = x^2 +3x -4

which is a parabola

mrb