219k views
3 votes
Find the balance in the account after the given period.

$500 principal earning 4% compounded quarterly, sfter 6 yr
- $1,281.65
- $634.87
- $709.26
- $632.66

2 Answers

7 votes

Answer:

$634.87

Explanation:

User Slindenau
by
8.4k points
7 votes
A=500×(1+0.04÷4)^(4×6)
A=634.87
User Loufs
by
7.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories