Finding the Final Amount in a word problem

Name: using the compound interest formula
Uploaded: 2022-07-07T19:54:14+00:00
Duration: 2 min 45 s
Description: Answer by Lisa C. to Finding the Final Amount in a word problem Mai deposited $4000 into an account with 2.5% interest, compound quarterly. Assuming that no wothdrawals are made, how much will she have in the account a...

Question

Mai deposited $4000 into an account with 2.5% interest, compound quarterly. Assuming that no wothdrawals are made, how much will she have in the account after 4 years?

Lisa C. · Accepted Answer

Mark M. · Answer

A(4) = 4000(1 + 0.025/4)(4)(4)Can you calculate and anwer?

Finding the Final Amount in a word problem

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Finding the Final Amount in a word problem

2 Answers By Expert Tutors

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

graph, find x and y intercepts and test for symmetry x=y^3

-2x/x+6+5=-x/x+6

Find the mean and standard deviation for the random variable x given the following distribution

using interval notation to show intervals of increasing and decreasing and postive and negative

trouble spots for the domain may occur where the denominator is ? or where the expression under a square root symbol is negative

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