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Mathematics, 22.04.2020 22:36 ballbritez

At the beginning of year 1, Zack invests $700 at an annual compound interest
rate of 3%. He makes no deposits to or withdrawals from the account.
Which explicit formula can be used to find the account's balance at the
beginning of year 5? What is the balance?
O A. A(n) = 700 + (0.003 Β· 700)(n-1); $719.45
O B. A(n) = 700 + (n βˆ’ 1)(0.03 Β· 700); $784.00
O C. A(n) = 700 - (1 +0.03)(n βˆ’ 1); $787.86
O D. A(n) = 700 - (1 + 0.03)"; $811.49
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