Answer:
The balance of the savings account in 15 years will be $1,750.24.
A=3,500×(1+0.0485÷4)^(4×11)
A=5,947.99
6000=3500(1+0.0485/4)^4t
Solve for t to know the time needed to reach 6000
Time=11.2
So the time needed is 11 years and 2 months
Answer:
see below
Step-by-step explanation:
First determine how much is subtracted from the account
12.57+24.95+36.86 =74.38
They charge .15 per check=3*.15 = .45
Subtract the amounts of the checks and the check fees
139.50-74.38-.45 =64.67
