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myrzilka [38]
3 years ago
5

Justin invested $23,000 in an account paying an interest rate of 3.8% compounded quarterly. Assuming no deposits or withdrawals

are made, how much money, to the nearest dollar, would be in the account after 14 years?
Mathematics
1 answer:
Lana71 [14]3 years ago
5 0

Answer:

$39056

Step-by-step explanation:

As we know, the final Amount can be calculated with the formula for compound interest,

A = P(1 + \frac{r}{n} )^{nt}

where,

A = Final Amount

P = Initial principal amount

r = rate of interest in decimal

n = number of times applied per time period

t = total time period

Now, according to the given data,

P = $23000

r = .038

n = 4

t = 14

so,

A = 23000(1 + \frac{.038}{4} )^{4(14)}

A = 39055.476

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marusya05 [52]
2 consecutive even integers....x and x + 2

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x = 64/2
x = 32

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ur 2 integers are : 32 and 34
4 0
3 years ago
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snow_lady [41]

Answer:

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