Solve the problem.Find the amount in a savings account at the end of 5 years if the amount originally deposited is $3000 and the interest rate is 6.5% compounded quarterly.Use: A = P
ntwhere:A = final amountP = $3000 (the initial deposit)r = 6.5% = 0.065 (the annual rate of interest)n = 4 (the number of times interest is compounded each year)t = 5 (the duration of the deposit in years)
A. $4141.26
B. $4555.39
C. $3251.80
D. $60,975.00
Answer: A
Mathematics
You might also like to view...
Perform the indicated operations graphically.-3 - (2 + 2j )
A. 
a = -3
b = -2 - 2j
c = -3 - (2 + 2j )
B. 
a = -3
b = -2 - 2j
c = -3 - (2 + 2j )
C. 
a = -3
b = -2 - 2j
c = -3 - (2 + 2j )
D. 
a = 3
b = -2 - 2j
c = -3 - (2 + 2j )
Mathematics
Rationalize the denominator and simplify.
A. 
B. 3
C. 20
D. 
Mathematics
Solve the system of linear equations.3x - 3y = -65x + 4y = 71
A. (-3, -1) B. (7, 9) C. No solution D. (-7, 9)
Mathematics
Simplify.-10 + [(5)(3) + 20] รท 5
A. -1 B. 9 C. 3 D. -3
Mathematics