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Mathematics, 09.06.2020 05:57 stefan19367

Alexander’s parents are saving for his college fund. They put $8,000 into an interest-bearing account with an annual compound interest rate of 4.5%. Alexander’s parents want to determine what the balance of his college fund account will be after 12 years. Which formula would be used for this situation? A = (8,000 + 0.045)12 A = 8,000(1 + 0.045)12 A = 8,000(1 + 0.12)4.5 A = 8,000 · 0.045 · 12

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Alexander’s parents are saving for his college fund. They put $8,000 into an interest-bearing accoun...

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