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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
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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
asked
Aug 11, 2018
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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
Mathematics
high-school
Ezequiel Muns
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Ezequiel Muns
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7
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Answer:
$634.87
Explanation:
Slindenau
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Aug 11, 2018
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Slindenau
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A=500×(1+0.04÷4)^(4×6)
A=634.87
Loufs
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Aug 15, 2018
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Loufs
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