I don’t understand you are asking
This answer to your is 17
As far as i am concerned, i do not find any mistake with the answer and the procedure of the problem that has been solved by Breann. It has been done correctly. The value of "x" and "y" are absolutely correct. I hope that this will boost your confidence and help you solve problems of similar nature with absolute ease.<span />
Answer:
In 5 years the account will be $ 21,549.68.
Step-by-step explanation:
Given that Meg invested $ 16,000 in a savings account, if the annual interest rate is 6%, to determine how much will be in the account in 5 years for quarterly compounding, the following calculation must be performed:
16,000 x (1 + 0.06 / 4) ^ 5x4 = X
16,000 x 1,015 ^ 20 = X
16,000 x 1.34685500 = X
21,549.68 = X
Therefore, in 5 years the account will be $ 21,549.68.
