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RSB [31]
3 years ago
7

$700 invested at 8% compounded quarterly after a period of 4 years

Mathematics
1 answer:
Sidana [21]3 years ago
7 0

Answer:

$960.95

Step-by-step explanation:

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allochka39001 [22]

Answer:

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Step-by-step explanation:

The initial value is another name for the y-intercept. This equation is written in point slope form (y=mx+b). And before you think y-intercept means y, right? No that is incorrect, I got that wrong in the beginning too ;)

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b in the point slope form equation is always the initial value or y-intercept or whatever people call it. So what substitutes b out here? 7. So 7 is the initial value!

:) Hope you understand now! Have a good day!

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