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kipiarov [429]
3 years ago
8

Dirk entered the following expression into a graphing calculator 13600*(1+.02/4)^(4*12) which of these future values could he ha

ve been calculating
Mathematics
2 answers:
Alex777 [14]3 years ago
5 0
We are given the expression:
<span>13600*(1+.02/4)^(4*12)
This is the form of the expression in determining the future worth of money. Drik could have been calculating the total amount of money he needed to pay after getting a loan with the following conditions
$13600 loan amount
2% interest compounded quarterly
4 years loan term</span>
polet [3.4K]3 years ago
5 0

Answer:

The answer is the future value of $13,600 invested at 2% interest compounded quarterly for 12 years.

Step-by-step explanation:

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