Corden opens an investment account with one deposit of $15,000. He receives statements each quarter, just after the interest is applied. Which formula should he use to calculate the future value?

Step-by-step explanation:

we know that

The compound interest formula is equal to  

where  

A is the Final Investment Value  or Future Value

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

what is

step-by-step explanation:

y = i/2 xtnop + (3i/2 tnop+ 1)

step-by-step explanation:

the picture is the step by step explanation.