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brilliants [131]
3 years ago
11

Item 15 write a function that represents the situation. find the balance a in the account after the given time period t. $2000 d

eposit that earns 5% annual interest compounded quarterly; 5 years
Business
1 answer:
slega [8]3 years ago
4 0

fv=pv*(1+r)n^{2}

pv = previous value =2,000

r =rate= .05/4

n= number of periods = 5*4=20

This is the formula.

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