Consider the future value of the following 627 at 5 5

Last updated: 10/6/2023

Consider the future value of the following 627 at 5 5 compounded quarterly for 4 years Give the future value for compound interest formula where A is the future value in dollars P is the present value in dollars r is the annual interest rate as a decimal n is the number of compounding periods each year and t is the time in years A Determine the following values P T n t Find the future value using the future value formula and a calculator Round your answer to the nearest cent