Phillip opened a savings account with an annual interest rate of 8% and an initial deposit of $3500. If his interest is compounded quarterly, how much is in Phillip's account after 2 years? Round your answer to the nearest cent.
interest compounded quarterly: A = P (1 + r / 4) to the power of 4 t
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Phillip opened a savings account with an annual interest rate of 8% and an initial deposit of $3500. If his interest is compounded ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is 1133.23 rounded to the nearest whole number
Answers (1)
The graph of the function f (x) = (x+6) (x+2) is shown. Which statement describe the graph? Check all that apply.
Answers (1)
What is 21% to a fraction
Answers (2)
Solve for x (2x/3) - (5/3) = (1/2)
Answers (1)
What is the approximate area of the circle shown below? 7.8cm
Answers (1)
New Questions in Mathematics
Three friends split the cost of a pizza and a salad. The pizza cost$15 and the salad cost $6. Which expression can you use to find how much each person owes
Answers (2)
How do you write 8.4% as a fraction in simplest form
Answers (1)
13. Which equation has no solution? 5v + 3 = 5v - 5 2x - 4 = 2x + 7 - x 2y + 5 - y = 2y - 3 (y - 6) 7z + 9 = - 7z - 6
Answers (1)
Luke drove 150 miles in 4 hours. What was his average speed?
Answers (2)
Factor the expression completely over the complex numbers. x^3-4x^2+4x-16
Answers (1)