![khloeallnn](/avatars/19633.jpg)
khloeallnn
06.04.2021 •
Mathematics
A bank features a savings account that has an annual percentage rate of r=2.2% with interest compounded quarterly.
Ben deposits $2,000 into the account.
The account balance can be modeled by the compound interest formula:
Where A is the future value,
is the original deposit, r is the annual percentage rate, n is the number of times each year that the interest is compounded, and t is the length of time the money is invested in years.
1. what are the values for
, r, and n?=
r=
n=
2. How much money will Ben have in the account in 9 years?
Answer=
Round answer to the nearest penny.
Solved
Show answers
More tips
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home Parents or Environment: Who Has the Most Influence on a Child s Upbringing?...
- H Health and Medicine Is it true that working with a computer is harmful to your eyesight?...
- H Health and Medicine Boosting Immunity: A Complete Guide on How to Improve Your Body’s Natural Defenses...
- P Philosophy Unidentified Flying Object - What is the Nature of this Phenomenon?...
- C Computers and Internet How to Teach Older Generations to Work with Computers?...
- G Goods and services How to Choose a Coffee Maker? The Ultimate Guide for Coffee Lovers...
- C Computers and Internet Porn Banner: What It Is and How to Get Rid Of It?...
- F Food and Cooking How many stages of coffee roasting are there?...
- F Food and Cooking From Latte to Espresso: Which Coffee Drink is the Most Popular on Earth?...
Answers on questions: Mathematics
- M Mathematics Idon t seem to understand. if u me? i ll mark u the brainliest!...
- M Mathematics Ipod: $89.00 Discount: 17% Tax: 5%...
- B Business Noah sells gift cards redeemable for noah products either in-store or online. during 2018, noah sold $5,400,000 of gift cards, and $4,600,000 of the gift cards were redeemed for...
- B Biology The map above shows some of earth s plate tectonic boundaries. based on the map, volcanic activity would most likely be found at − a) location w b) location x c) location y d) location...
- M Mathematics The data set below shows the amount Travis spent for lunch on 11 days this month. $5, $5, $6.50, $7, $7, $8, $8, $8, $8.50, $10, $18.50. Which is the most reasonable measure of...
- H History The early saxon kings of england wore a sash around their waist that they used as a benchmark for measuring length. the name of the sash eventually became the name of one of the...
- B Biology During photosynthesis, hydrogen ions are most directly used to in the chloroplast pictured above....
Ответ:
13m
Step-by-step explanation: