Suppose that when your friend was born, your friend's parents deposited $4000 in an account paying 6.3% interest compounded

Question

2 years ago

9

quarterly. What will the account balance be after 13 years

2 answers:

Nitella [24] · Answer 1 · 2022-09-28T18:57:06+03:00

5 0

Answer:

$9015.20

Step-by-step explanation:

A = 4000[1 + (.063/4)]^13·4

Rasek [7] · Answer 2 · 2022-09-28T21:07:32+03:00

Rasek [7]2 years ago

5 0

Answer:

3276

Step-by-step explanation:

4000(6.3*13)÷100

Suppose that when your friend was​ born, your​ friend's parents deposited ​$4000 in an account paying ​6.3% interest compounded