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Ilia_Sergeevich [38]
3 years ago
7

A deposit of $12,000 is made into a savings account which earns 4 3/5 % interest compounded quarterly. If no additional deposits

or withdrawals are made, which amount is the total balance at the end of 3 years? A) $13,733.34 B) $13,754.19 C) $13,764.86 D) $13,772.07
Mathematics
2 answers:
liberstina [14]3 years ago
7 0
The Answer Is Going To Be B .
ioda3 years ago
5 0

Answer:

$13,764.86

Step-by-step explanation:

FV = PV × (1 + r/n)nt

FV = 12000 × (1 + 0.046/4)12 = 13764.86

where:

FV = Future Value

PV = Present Value

r = annual interest rate

n = number of periods

t = time in years

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Answer:

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The inequality x < 1 basically means "less than 1." On number lines, the further left you go, the smaller the number becomes, and the further right you go, the larger the number becomes. So we know that because it's less or smaller than 1, then the line will be to the left. On the other hand, the inequality does not have a line under it to indicate a "less than or equal to 1," just "less than." Therefore, the dot is open. If there were a line under the inequality, then it would indicate "less than or equal to 1" and the dot would be closed.

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