Principal, P = $5,300
Rate, r = 6.9% = 0.069
Compounding interval, n = 365
Time, t = 4 years
Note that n*t = 365*4 = 1460.
The value after 4 years is
A = 5300*(1 + 0.069/365)¹⁴⁶⁰ = 5300*1.3178 = 6984.41
Answer: $6,984.41
Answer: BUDGETS
Explanation: A budget can be defined as a written plan for financial purpose of the entity usually made for a definite period of one year. A budget can be fixed or variable.
A budget is made on the planned amount of sales and revenues and takes into consideration various types of cost and expenses to be incurred.
Thus, from the above we can say that budget is that principal mean that is used for controlling of financial resources in an entity.
When a budget is revised by adding a new quarterly budget to replace a previous one, this is a D. Rolling budget.
<h3>What is a rolling budget?</h3>
This is a type of budget that is considered continuous and perpetual because it captures the needs of the company over a longer period.
For instance, a rolling budget might be for a year but divided into 4 parts for each quarter such that as each quarter comes along, the company will simply start using the next quarterly budget.
Find out more on rolling budgets at brainly.com/question/23209198.
