Mathematics, 29.01.2020 18:57 ggperez68
Alicia invested $32000 into an account earning 3% annual interest compounded quarterly. she makes no other deposits and does not withdraw any money. what is the balance of alicia's account in 7 years?
Answers: 3
is the initial depositr is the annual rate of interest (in decimal)n is the number of times compounding happens in a year (annual means n=1, compounding semi-annually means n=2, compounding quarterly means n=4 etc.)t is time in years
(since compounded quarterly)
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Alicia invested $32000 into an account earning 3% annual interest compounded quarterly. she makes no...
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