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OpenStudy (cieloveswork):
Frank deposited $100 into an account that earns 4% interest which is compounded 4 times per year. How much money will Frank have in his account in 3 years? A. $104.00 B. $112.68 C. $160.10 D. $140.49
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OpenStudy (cieloveswork):
@zepdrix
OpenStudy (cieloveswork):
@sammixboo
OpenStudy (cieloveswork):
@.Sam.
OpenStudy (knov):
Okay here is a formula FV = PV (1+(r/n))n.
OpenStudy (knov):
where FV = Future Value PV = Present Value r = annual interest rate n = number of periods
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OpenStudy (cieloveswork):
is it c
OpenStudy (knov):
I haven't calculated it yet. Tho you are the one who should.
OpenStudy (cieloveswork):
i got c thanks
OpenStudy (knov):
you are welcoME.
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