anonymous
  • anonymous
Use the compound interest formula, Alexia has $4864.77 in her money market account currently. If the annual interest rate is 3.9%, and the interest is compounded twice per year, how much money will be in her account after 2 years? A. $4,149.57 B. $5,244.22 C. $5,255.47 D. $15,733.31
Differential Equations
chestercat
  • chestercat
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
@texaschic101 can you help me again??
anonymous
  • anonymous
@noneyabusiness can you help me??
anonymous
  • anonymous
@uri can you help me??

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
@Xan can you help me??
anonymous
  • anonymous
anonymous
  • anonymous
Your equation is \[A = 4864.77(1 + \frac{ 0.039 }{ 2 })\ ^{\left( 2 \times 2 \right)}\] Can you solve it?
anonymous
  • anonymous
\[A = 4864.77(1 + \frac{ 0.039 }{ 2 })^{\left( 2 \times 2 \right)}\] \[A = 4864.77(1 + 0.0195)^{\left( 4\right)}\] \[A = 4864.77(1.0195)^{\left( 4\right)}\] \[A = 4864.77(1.0803113)\] \[A = 5255.466\] \[A = 5255.47\] So your answer is C.

Looking for something else?

Not the answer you are looking for? Search for more explanations.