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babunello [35]
2 years ago
15

Whitney deposited $2,400,000 into an account in which interest is compounded quarterly at a rate of 2.9%. She made no other depo

sits or withdrawals. What was the amount after 12 years?
A $2,470,532.59


B $7,471,532.89


C $2,617,330.43


D $3,394,692.90
Mathematics
2 answers:
fiasKO [112]2 years ago
4 0

Answer:

Step-by-step explanation:

amount = principle* (1 + (r/n) ) ^ (n*t)

amount = 2,400,000*[ 1 + (0.029 / 4 ) ]  ^ (.029*12)

amount = 2,400,000* [ 1 + .00725 ] ^0.348

amount = 2,406,0400

saul85 [17]2 years ago
4 0
The answer would be a I hope it helps let Me know if I’m wrong and I’ll fix it for you so you can have The right answer stay safe
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