Solve the problem.Find the amount in a savings account at the end of 4 years if the amount originally deposited is $9000 and the interest rate is 5.5% compounded monthly.Use: A = P
ntwhere:A = final amountP = $9000 (the initial deposit)r = 5.5% = 0.055 (the annual rate of interest)n = 12 (the number of times interest is compounded each year)t = 4 (the duration of the deposit in years)
A. $433,980.00
B. $11,209.06
C. $9166.14
D. $12,329.96
Answer: B
Mathematics
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, - 
), Q(-
, 0)
A. 
B. 
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Mathematics