You deposit $975.52 in a bank account. Find the balance after 4 years if the account pays 7.25% annual interest compounded quarterly

The final ballance will be $1300.37.

Step-by-step explanation:

In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:

S = P(1 + r/n)^(n*t)

Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:

S = 975.52*(1 + 0.0725/4)^(4*4)

S = 975.52*(1.018125)^(16)

S = 975.52*1.333

S = 1300.37

The final ballance will be $1300.37.

change of stock price/initial stock price on friday * total stock value = change of stock value

0.89/73.73 *x = 42.72

x=3539.04 = total stock value at initial stock price on friday .

total stock value at initial stock price on friday/ initial stock price on friday = number of shares

3539.04/73.73 = 48 shares

they own 48 shares of this stock

wow ok so the answer is 1k or just k

because of combining like terms xd