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17-02-2024
Mathematics

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$4300.00 is invested in an account with a 3.2% interest rate that is compounded quarterly. How much money is in the account at the end of one year?

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17-02-2024

Answer:

To calculate the amount of money in the account at the end of one year, we can use the formula for compound interest: A = P (1+) rot Where: - A is the amount of money in the account at the end of the time period. - P is the principal amount (initial investment) which is 4300.00inthiscase. - ristheannualinteres 4433.87.

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