Mathematics
Alexanderprules
9

Please help! Thank you Brett deposited $3,200 into a savings account for which interest is compounded quarterly at a rate of 2. 4%. How much interest will he earn after 15 years? A) $300.42 B) $768.14 C) $1367.19 D) $1381.72

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Cibula685

Find the future value A=p (1+r/k)^kt A=3,200×(1+0.024÷4)^(4×15) A=4,581.72 interest earned 4,581.72−3,200 =1,381.72

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