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Mathematics 5 Online
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

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

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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