Mathematics, 17.06.2020 01:57 jaylaa04

Torren deposits $4500 in an account earning 2% interest, compounded annually. The equation that represents this situation is:
A(n) = 4500(1 + 0.02) - 1
How much will he have in the account at the beginning of year 8? Round your
answer to the nearest dollar
A. $5169
B. $32,130
C. $16,1124
D. $5272

Answers: 3

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More questions: Mathematics Another questions

Torren deposits $4500 in an account earning 2% interest, compounded annually. The equation that represents this situation is: A(n) = 4500(1 + 0.02) - 1 How much will he have in the account at the beginning of year 8? Round your answer to the nearest dollar A. $5169 B. $32,130 C. $16,1124 D. $5272

Answers

Another question on Mathematics

Torren deposits $4500 in an account earning 2% interest, compounded annually. The equation that represents this situation is:
A(n) = 4500(1 + 0.02) - 1
How much will he have in the account at the beginning of year 8? Round your
answer to the nearest dollar
A. $5169
B. $32,130
C. $16,1124
D. $5272