Answer:
<h2>
$9441</h2>
Step-by-step explanation:
The interest will be compounded quarterly every year, it means in each year the interest will be calculated 4 times.
In 6 years in total
= 24 times the interest will be calculated.
The yearly interest rate is 4%. Hence, the quaterly interest rate will be
= 1%.
Hence, after calculating 24 times, the amount will be turned to
= 44440.7127≅ 44441.
Hence, the total compound interest is $(44441 - 35000) = $9441
No. The line just has to go below ' 1 '.
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