Answer: The statements include information about each transaction, including transaction-related fees, and beginning and ending account balances. The bank must provide quarterly statements even if no EFTs occurred.

Step-by-step explanation: hope it helps

8 0

3 years ago

$4000 for 2years at 5% compounded quarterley

NeTakaya

$\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$4000\\
r=rate\to 5\%\to \frac{5}{100}\to &0.05\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, meaning 4 times}
\end{array}\to &4\\

t=years\to &2
\end{cases}$

5 0

3 years ago