Solve the problem.A deposit of $11,000 is made in an account that earns 8% interest compounded quarterly. The balance in the account after n quarters is given by the sequence an = 11,000
n, n = 1, 2, 3, ...Find the balance in the account after 4 years.
A. $5491.14
B. $4257.14
C. $15,100.64
D. $11,906.75
Answer: C
Mathematics
You might also like to view...
Evaluate Cn,xpxqn-x for the given values of n, x, and p.n = 6, x = 3, p = 
A. 0.0536 B. 0.0286 C. 0.0322 D. 0.0154
Mathematics
Solve using a calculator, finding all solutions in [0, 2?). Round to the nearest hundredth.sin 4x - sin 2x = - 2cos x
A. 0.86, 2.28 B. 1.57, 4.01, 4.71, 5.42 C. 0.86, 1.57, 2.28, 4.71 D. 1.57, 3.67, 4.71, 5.76
Mathematics
Simplify. Write the answer in exponential form without negative exponents.
1/7
A. 
B. -x14/5
C. - 
D. x14/5
Mathematics
Solve the problem.Yearly sales of an electronic device S(t), in millions of dollars, t years after 1998 can be estimated by S(t) = 200 ? 2t .Determine the year in which sales reached $1200 million.
A. About 2000 B. About 2002 C. About 2001 D. About 1999
Mathematics