Mathematics, 04.06.2020 14:08 ijohnh14
The expression 1,000(1.0215)4t represents the amount of money in an account after t years.
The interest is compounded [annually/semiannually/quarterly/mo nthly], and the effective annual interest rate on the account is [2.15%/4.00%/8.60%/8.88%].
What are the two correct answers that complete the sentences? Choose from the brackets above.
Answers: 2
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The expression 1,000(1.0215)4t represents the amount of money in an account after t years.
The inte...
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