subject
Mathematics, 06.04.2021 02:40 ChanceJ

A bank features a savings account that has an annual percentage rate of r=2.2% with interest compounded quarterly. Ben deposits $2,000 into the account.

The account balance can be modeled by the compound interest formula:

Where A is the future value, A_0\\ is the original deposit, r is the annual percentage rate, n is the number of times each year that the interest is compounded, and t is the length of time the money is invested in years.

1. what are the values for A_0, r, and n?=
r=
n=

2. How much money will Ben have in the account in 9 years?
Answer=
Round answer to the nearest penny.


A(t)=A_0(1+\frac{r}{n})^n^t
A_0

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Given that ot =5, xt=12, and ox= 13 is xy tangent to circle o at t? explain.
Answers: 1
question
Mathematics, 21.06.2019 19:30
Two corresponding sides of two similar triangles are 3cm and 5cm. the area of the first triangle is 12cm^2. what is the area of the second triangle?
Answers: 1
question
Mathematics, 21.06.2019 21:00
Out of $20$ creepy-crawly creatures in a room, $80\%$ are flies and $20\%$ are spiders. if $s\%$ of the total legs belong to spiders, what is $s$?
Answers: 2
question
Mathematics, 21.06.2019 21:30
If t17 = 3 (t5) in an arithmetic progression, find t1 in terms of d.
Answers: 1
You know the right answer?
A bank features a savings account that has an annual percentage rate of r=2.2% with interest compoun...
Questions
question
Mathematics, 07.03.2021 02:00
question
Mathematics, 07.03.2021 02:00
question
Mathematics, 07.03.2021 02:00
question
Mathematics, 07.03.2021 02:00
question
Mathematics, 07.03.2021 02:00
question
Arts, 07.03.2021 02:00
question
Mathematics, 07.03.2021 02:00