Mai deposited $4000 into an account with 4.8% interest, compounded quarterly. Assuming that no withdrawals are made, how much will she have in the account after 7 years?
Do not round any intermediate computations, and round your answer to the nearest cent.

5,586.17

Step-by-step explanation:

A = $ 5,586.17

A = P + I where

P (principal) = $ 4,000.00

I (interest) = $ 1,586.17

Compound Interest Equation

A = P(1 + r/n)^nt

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period

answer with step-by-step explanation:

a. ∠j is supplementary to ∠k - true:

(opposite angles of a trapezoid are supplementary which means that they add up to 180 degrees)

b. kl is parallel to jm - true:

(opposite sides are parallel to each other in a trapezoid)

c. jk is perpendicular to kl - false:

(clearly, jk does not make a right angle with kl)

d. jk is parallel to lm - false:

(jk and lm are two lines opposite in direction to each other so they cannot be parallel)

e. ∠j is congruent to ∠m - true:

(the angles on each side of the base are congruent)

f. ∠j is congruent to ∠k - false:

(the angles on the same side but opposite side of the base are not congruent)