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Kay [80]
3 years ago
7

PLEASE HELP Complete the table by computing the amount in the account at the end of each period.

Mathematics
1 answer:
skad [1K]3 years ago
8 0

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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