malenis malenis

05-06-2020
Mathematics

contestada

You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded
quarterly

a) How much money will you have after ten years? Round to the nearest cent.

b) Find the interest after ten years.

Respuesta :

gilbertazavedo72 gilbertazavedo72

09-06-2020

Answer:

a) 6253.23

b) 2053.23

Step-by-step explanation:

A = P (1+r/n)^nt

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