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OpenStudy (anonymous):
Donna opens a certificate of deposit (CD) with $2,000. The bank offers a 3% interest rate. If the account compounds quarterly, which of the following equations represents the future value of the account, after 1 year? A. A = 2000 (0.03/ 4) ^4
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OpenStudy (anonymous):
B. A = 2000 ( 0.03/4) C. A = 2000 (1+ 0.03)^4 D. A = 2000 (1 + 0.03/4)^4
OpenStudy (anonymous):
@Michele_Laino
OpenStudy (michele_laino):
I'm sorry, I'm not good with financial mathematics
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