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, 
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 
, 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.
Answers: 1
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A bank features a savings account that has an annual percentage rate of r=2.2% with interest compoun...
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