Jose opened a Premier account at City National Bank of Iowa with a minimum required deposit of $1000. This bank advertised a rate of 1/2% on their Premier account with interest compounded quarterly.
After 5 years, what is the amount in the account?

$1,025.299

Explanation:

The formula for compound interest is

FV = PV × (1+r)^ n

Where Fv is the future value

Pv is the present value = $1000

r is interest rate = 1/2 %  or 0.5% per year

n is five years

interest is compounded quarterly,  

Interest per quarter = 0.5% /4 = 0.125%  which is 0.00125

n will be 5 years x 4 quarters = 20 periods

Fv= $1000 x (1 +0.00125)^20

Fv =$1000 x(1.00125)^20

Fv= $1000 x 1.025299

Fv = $1,025.299

3rd the reason why is because of management and leadership

answer; niosh, the national institute for occupational safety and health;