SOLUTION: A deposit of $5000 is made to an account that earns an annual
interest rate of 8% compounded quarterly. If no money is added
or withdrawn, which of the following represents the b
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-> SOLUTION: A deposit of $5000 is made to an account that earns an annual
interest rate of 8% compounded quarterly. If no money is added
or withdrawn, which of the following represents the b
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Question 321289: A deposit of $5000 is made to an account that earns an annual
interest rate of 8% compounded quarterly. If no money is added
or withdrawn, which of the following represents the balance A in
the account after q quarters?
A. A = 5000(1 + 0.02)q
B. A = 5000(1 + 0.02)0.25q
C. A = 5000(1 + 0.02)4q
D. A = 5000(1 + 0.08)q Answer by rfer(16322) (Show Source):
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