If you deposit $5000 in a bank account that pays 3.5% annual interest. Find the balance after 8 years if the i test is compounded quarterly. Round to the nearest cent

hreryryrranswer:

step-by-step explanation:

change of stock price/initial stock price on friday * total stock value = change of stock value

0.89/73.73 *x = 42.72

x=3539.04 = total stock value at initial stock price on friday .

total stock value at initial stock price on friday/ initial stock price on friday = number of shares

3539.04/73.73 = 48 shares

they own 48 shares of this stock