If you have $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money wi

Discussion in 'Calculator Requests' started by math_celebrity, Aug 3, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    If you have $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you have in 25 years?

    Using our compound interest calculator with 25 years * 4 quarters per year = 100 periods of compounding, we get:
    $45,913.96
     

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