dule 2&3 Assignment d: Sep 6 at 7:48pm iz Instructions der to move on to the wee
ID: 1132689 • Letter: D
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dule 2&3 Assignment d: Sep 6 at 7:48pm iz Instructions der to move on to the weekly check-up, you must complete this assignment with the score of at least 50%. You can retake it my times as you need, until it closes at midnight on Thursday, when you achieve the score of 50% or more, the link to a ly check-up will be released Question 6 1.4 pts Emily set up another investment account which pays her a 4% compounded interest every quarter (3 months). If her initial investment was $7,000, how much will she have earned in interest after 19 quarters? e Previous Not saued Submit QuizExplanation / Answer
A=P{1+r/n}^nt
A=Amount
P=Principal=7000
r=interest rate=4%
n=number of times interest is compounded=19
t=time period=4.75 years.
16 quarters is 4 months and 3 quarter is 9 months.
A=7000{1+4%/19}^19*4.75
A=7000(1.002)^90.25
A=8,383.202
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