01moxberger
31.05.2021 •
Mathematics
A person opens up a savings account that pays 4% interest compounded quarterly. The person
makes deposits every three months, including the initial deposit, of $200 each. How many years
will it take for the account to reach $30,000?
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Ответ:
it will take 24 years to reach such amount
Ответ:
Answer : The value of is,
Step-by-step explanation :
As we are given:
Now we have to determine the value of
As we know that:
So,
Therefore, the value of is,