Hi there
The formula of compound interest is
A=p (1+r/k)^kn
A future value?
P present value 12300
R interest rate 0.052
K compounded quarterly 4
N time 1 year
So
A=12,300×(1+0.052÷4)^(4×1)
A=12,952.18
Good luck!
*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆
Answer: 2.92
I hope this helped!
<!> Brainliest is appreciated! <!>
- Zack Slocum
*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆
Its b i had this question a minute ago