It would be great if u could help meh rn..
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Answer:
$2195.80
Step-by-step explanation:
For a <u>initial principal, P</u> compounded with <u>period k</u> over <u>n years</u> at an <u>annual interest rate, r,</u> the amount (A(n)) at the end of n years is determined using the function:
In the given case:
P=$1800
n=4 years
r=5%=0.05
Since it is compounded quarterly, Period, k=4
Therefore, the amount of money in the account after 4 years is:
After 4 years, there will be $2195.80 in the account.