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OpenStudy (thecuteone25):
@qwertty123 please help
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OpenStudy (thecuteone25):
deposit of $3500. If his interest is compounded quarterly, how much is in Jeffrey’s account after 2 years? Round your answer to the nearest cent. interest compounded quarterly: A equals P left parenthesis 1 plus r over 4 right parenthesis to the power of 4 t end exponent
OpenStudy (qwertty123):
Hello! I am here!
OpenStudy (thecuteone25):
lol
OpenStudy (qwertty123):
just plug the values into your formula , then let your calculator take over A = 3500(1 + .08/4)^8 = 3500(1.02)^8 = ...
OpenStudy (thecuteone25):
ok thanks qwertty
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OpenStudy (qwertty123):
You welcome! :D
OpenStudy (thecuteone25):
:)
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