PLS HELP THANK YOU! Austin invested $11,000 in an account paying an interest rate of 5.7% compounded
quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 6 years?

i can you with this sweetie!

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

the answer is:

mean: 6

mad: 2.14