Mathematics, 25.11.2019 21:31 nathansnyder200
If a is the initial amount put into an account, p is the annual percentage rate of interest, which remains fixed, and the account compounds quarterly, which of the following is an expression, in terms of a and p, for the amount in the account after 5 years?
a 4a(p100)5
b a(p100)20
c 4a(1+p100)5
d a(1+p25)20
e a(1+p400)20
Answers: 1
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