subject
Mathematics, 06.04.2021 02:40 ChanceJ

A bank features a savings account that has an annual percentage rate of r=2.2% with interest compounded quarterly. Ben deposits $2,000 into the account.

The account balance can be modeled by the compound interest formula:

Where A is the future value, A_0\\ is the original deposit, r is the annual percentage rate, n is the number of times each year that the interest is compounded, and t is the length of time the money is invested in years.

1. what are the values for A_0, r, and n?=
r=
n=

2. How much money will Ben have in the account in 9 years?
Answer=
Round answer to the nearest penny.


A(t)=A_0(1+\frac{r}{n})^n^t
A_0

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 20:00
Given: ∆mop p∆mop =12+4 3 m∠p = 90°, m∠m = 60° find: mp, mo
Answers: 1
question
Mathematics, 21.06.2019 20:30
Which steps could be part of the process in algebraically solving the system of equations, y+5x=x^2+10 and y=4x-10
Answers: 2
question
Mathematics, 21.06.2019 20:50
Write the equation in logarithmic form 8^x=64
Answers: 1
question
Mathematics, 21.06.2019 21:30
How does reflecting or rotating a figure change the interior angles of the figure?
Answers: 2
You know the right answer?
A bank features a savings account that has an annual percentage rate of r=2.2% with interest compoun...
Questions
question
Chemistry, 01.11.2020 02:40
question
Mathematics, 01.11.2020 02:40
question
History, 01.11.2020 02:40
question
Mathematics, 01.11.2020 02:40
question
Mathematics, 01.11.2020 02:40
Questions on the website: 13722367