Ask Question
19 June, 05:13

A deposit of $6000 is made in an account that earns 6% interest compounded quarterly. The balance in the account after n quarters is given by the sequence Find the balance in the account after five years. Round

+1
Answers (2)
  1. 19 June, 05:33
    0
    Amount here is 6000

    interest 6% = 6/100 = (r/100) * 1/4

    time is 5 yrs

    solve this
  2. 19 June, 05:41
    0
    A=p (1+i/m) ^mn

    A=6,000 * (1+0.06:4) ^ (20)

    =8,081.13
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A deposit of $6000 is made in an account that earns 6% interest compounded quarterly. The balance in the account after n quarters is given ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers