RobeyysmiMendyC RobeyysmiMendyC

01-06-2016
Mathematics

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Thomas opened a savings account with an annual interest rate of 7% and an initial deposit of $5000. If his interest is compounded quarterly, how much is in Thomas’s account after 4 years? Round your answer to the nearest cent.

interest compounded quarterly: A = P(1+r/4)

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DJVIBEPVCK DJVIBEPVCK

01-06-2016

i think i did this one before it was 1000 was the answer for it .

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