Register
The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will be the balance of her account after
233k views
3 votes
The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will be the balance of her account after all the interest is paid?

User DanMatlin
by
6.2k points

1 Answer

4 votes
A=5,800×(1+0.056÷4)^(4×1)
=6,131.68
User Emre Akman
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!