brynn225 brynn225

15-04-2017
Mathematics

contestada

Find the balance in the account.
$1,000 principal earning 6.25%, compounded quarterly, after 7 years

a. $1,543.60
b. $1,528.63
c. $29,750.00
d. $1,114.64

Respuesta :

Aliwohaish12 Aliwohaish12

15-04-2017

A=1,000×(1+0.0625÷4)^(4×7)
A=1,543.60

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