Dirk entered the following expression into a graphing calculator 13600(1+.02/4)^(412) which of these future values could he have been calculating

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Dirk entered the following expression into a graphing calculator 13600*(1+.02/4)^(4*12) which of these future values could he have been calculating

asked Oct 8, 2018 96.2k views

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Peter Bowers · Answer 1 · 2018-10-13T10:27:08+0000

We are given the expression:
13600*(1+.02/4)^(4*12)
This is the form of the expression in determining the future worth of money. Drik could have been calculating the total amount of money he needed to pay after getting a loan with the following conditions
$13600 loan amount
2% interest compounded quarterly
4 years loan term

Dirk entered the following expression into a graphing calculator 13600(1+.02/4)^(412) which of these future values could he have been calculating

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