SOLUTION: Which of the following statements does NOT accurately describe an account into which $400 is deposited and earns 6% annual interest compounded quarterly?
A.) 400(1.015)^(4t)
B.
Algebra.Com
Question 963293: Which of the following statements does NOT accurately describe an account into which $400 is deposited and earns 6% annual interest compounded quarterly?
A.) 400(1.015)^(4t)
B.) 400 (1+06./4)^(4t)
C.) 400 (1.06/4)^(4t)
D.) None of these (all are accurate)
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
=C
RELATED QUESTIONS
investments: An investor has a total of 25,000 deposited into three diffrent accounts,... (answered by josmiceli,padmameesala)
$1200.00 is deposited into an account that earns 6.5% interest,which is compounded four... (answered by ikleyn)
$38,520 is deposited into an account that earns 5.8% interest,which is compounded... (answered by addingup)
14.Determine which of the following investments will have the greater rate of return.... (answered by Theo)
An account executive deposited $40,000 into 2 simple interest accounts. One earns 5% and... (answered by josmiceli,stanbon)
which of the following investments is larger after 29 years?
a) $100 is deposited... (answered by gonzo)
an investment of $12000 is deposited into 2 accounts one @5.5% and one @6.5% how much... (answered by checkley75)
Mary deposited 500 dollars into her savings account for 19 years, which her account earns (answered by Alan3354)
frank deposited $100 into an account that earns 4% interest which is compounded 4 times... (answered by Fombitz)
Emma is saving money for college. She has $800 and wants to deposit it into 2 different... (answered by ikleyn)