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Diano4ka-milaya [45]
3 years ago
7

Lilah deposited $315 into her savings account that is compounded quarterly at an annual rate of 6% how much money will lilah hav

e in her account after 7 years if she makes no additional deposits
show all work please

Please hurry

Thank you in advanced
❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️
Mathematics
1 answer:
Temka [501]3 years ago
5 0

A=p(1+r/n)^tn

A future value ?

P present value 315

R interest rate 0.06

N compounded quarterly 4

T time 7 years

A=315×(1+0.06÷4)^(4×7)

A=477.92

Hope it helps!

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