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Suppose that when your friend was born, your friend's parents deposited $9000 in an account paying 6.8% interest compounded quarterly. What will the account balance be after 14years?
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Jul 2, 2021
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Suppose that when your friend was born, your friend's parents deposited $9000 in an account paying
6.8% interest compounded
quarterly. What will the account balance be after
14years?
Mathematics
college
Dumi Jay
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Dumi Jay
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Answer: $ 23,132.14
Explanation:
A=P(1+r/n)^nt
A=9000(1+.068/4)^4x14
Tedi
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Jul 7, 2021
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