Asked by anon
Write a function that represents the situation. Find the balance A in the account after the given time period t.
$2000 deposit that earns 5% annual interest compounded quarterly; 5 years
A function is A=
The balance of the account after 5 years is $_
$2000 deposit that earns 5% annual interest compounded quarterly; 5 years
A function is A=
The balance of the account after 5 years is $_
Answers
Answered by
Reiny
amount = 2000(1 + .05/4)^20
= ...
= ...
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