Mathematics, 23.12.2019 19:31 baca23jasmine
Skylar plans to use $3400 to open a savings account with an annual interest rate of 1.15%. how much more interest will he earn over 13 years if he chooses a compound interest account that compounds interest quarterly instead annually? round your answer to the nearest cent.
interest compounded annually: a = p (1 + r)t
interest compounded quarterly: a = p (1 +fraction numerator r over denominator 4 end fraction)4t
$
Answers: 1
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Skylar plans to use $3400 to open a savings account with an annual interest rate of 1.15%. how much...
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