Dirk entered the following expression into a graphing calculator 13600(1+.02/4)^(412) which of these future values could he ha

Question

kipiarov [429]

2 years ago

8

Dirk entered the following expression into a graphing calculator 13600(1+.02/4)^(412) which of these future values could he ha

ve been calculating

Mathematics

2 answers:

Alex777 [14] · Answer 1 · 2022-07-31T01:44:59+03:00

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] · Answer 2 · 2022-07-31T03:50:04+03:00

polet [3.4K]2 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:

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

Dirk entered the following expression into a graphing calculator 13600(1+.02/4)^(412) which of these future values could he ha