Question 1150339
.
<pre>

(a)  Use the formula  


         FV = D*(1+r*t),


    where D is the one time deposit value (starting amount); r is the annual interest rate expressed as decimal; 
    t is time in years:


         FV = 4000*(1+0.045*10) = 5800 dollars.     <U>ANSWER</U>


(b)  Use the formula  


         FV = {{{D*(1+r/4)^(4n)}}},


    where D is the one time deposit value (starting amount); r is the annual interest rate, expressed as decimal; 
    n is the number of years:


         FV = {{{4000*(1+0.045/4)^(4*10)}}} = 6257.50 dollars.     <U>ANSWER</U>
</pre>

Solved.


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&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compound interest percentage problems</A> 

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