Question

@qwertty123 please help

Answer 1

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

Answer 2

Hello! I am here!

Answer 3

lol

Answer 4

just plug the values into your formula , then let your calculator take over

A = 3500(1 + .08/4)^8
= 3500(1.02)^8
= ...

Answer 5

ok thanks qwertty

Answer 6

You welcome! :D

Answer 7

:)