At the beginning of year 1, Josie invests $400 at an annual compound interest rate of 5%. She makes no deposits to or withdrawals from the account. Which explicit formula can be used to find the account's balance at the beginning of year 3? A. A(3) = 400 • (1 + 0.05)3 – 1
B. A(3) = 400 + (3 – 1)(0.05 • 400)
C. A(3) = 400 + (0.05 • 400)3 – 1
D. A(3) = 400 • (1 + 0.05)3

Fixed rate mortgage offer: purchase price: $170,000 down payment ($34k): 20% term: 30 years interest rate: 4.25% property tax (yearly): $1,500 homeowner’s insurance (yearly): $1,000 use this example from a fixed-rate mortgage calculator to you answer the questions. keep the page open after you complete this question. according to the calculator, the monthly payment demarco and tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.