A thousand dollars is left in bank savings account drawing 7% interest, compounded quarterly for 10 years. What is the balance a

Question

3 years ago

9

t the end of that time? show work

2 answers:

STALIN [3.7K] · Answer 1 · 2022-05-19T01:58:43+03:00

5 0

Answer:

Step-by-step explanation:

p(1+r/n)nt

= 1000 (1 + 0.07/4) 4 x 10

1000 (1 + 0.0175) 40

1000(1.0175) 40

1000x 2.0015

= 2001.59

therefore the answer is 2001.59

Feliz [49] · Answer 2 · 2022-05-19T00:14:17+03:00

Feliz [49]3 years ago

4 0

Answer:

Step-by-step explanation:

ms trybuski