PLEASE HELP
Complete the table by computing the amount in the account at the end of each period.
1 answer:
Answer:
See below
Step-by-step explanation:
- Initial Principal P₀ = 1000
- End of first period = 1000 + 1000*0.02/4 = 1005
- End of second period = 1005 + 1000*0.02/4 = 1010
- End of third period = 1010 + 1000*0.02/4 = 1015
- End of fourth period = 1015 + 1000*0.02/4 = 1020
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