Write a compound interest function to model the following situation. Then, find the balance after the given number of years.

$19,600 invested at a rate of 3.5% compounded quarterly; 5 years
Group of answer choices

  $23,330.66

Step-by-step explanation:

The compound interest function is ...

  FV = P(1 +r/n)^(nt)

where P is the principal amount ($19,600), n is the number of compoundings per year (4), r is the interest rate (.035), and t is the number of years (5).

Putting these numbers into the formula and doing the arithmetic, we get ...

  FV = $19,600(1 +.035/4)^(4·5) = $23,330.66

step-by-step explanation: 4 cause 2+2=4

no association

step-by-step explanation:

if you have eyes and you can use them efficiently you can see that it just looks like random dots like do a line of best fit and like they're so spread out it's such a weak association you might as well consider it nonexistent