Solve the problem.A deposit of $7000 is made in an account that earns 8% interest compounded quarterly. The balance in the account after n quarters is given by the sequencean = 7000
n n = 1, 2, 3, ... Find the balance in the account after 5 years.
A. $10,401.63
B. $10,492.63
C. $10,233.63
D. $10,478.63
Answer: A
Mathematics
You might also like to view...
Convert the measurement to the units specified. Round your answer to the nearest tenth.8 kilometers to yards
A. 67,976.8 yards B. 8749.3 yards C. 26,247.9 yards D. 22,658.9 yards
Mathematics
Compute the product.
A.
B.
C.
D. not defined
Mathematics
Tell which set or sets each number belongs to: natural, whole, integer, rational, irrational, real.0
A. Real, rational, integer, whole, natural B. Real, whole, integer C. Real, rational, integer, whole D. Real, rational, integer, natural
Mathematics
Evaluate for the matrix
.
A. ?7
B. ?-21
C. ?
D. ?
E. ?-7
Mathematics