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ashlynhenderson0323
02.10.2019 •
Mathematics
You invest $20,000 in an investment account that promises a 6% annual interest, compounded quarterly (that is, four times a year). how much can you expect to have in the account after 1 year? (round to the nearest dollar)
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Ответ:
A future value
P present value 20000
R interest rate 0.06
K compounded quarterly 4
N time 1 year
A=20,000×(1+0.06÷4)^(4×1)
A=21,227.27
Ответ:
B, I think
Step-by-step explanation:
Because the width of the bars does make it seem like Mike's grade is much higher in the second quarter. I don't think the answer is A because the intervals on the scale are already consistent, increasing by 0.05, same for C. It probably isn't D, since it is misleading, so I think B is the best option.
I'm not 100% sure though, sorry if the answer is incorrect.