Directions-Identify the key components, create a compound interest equation, and answer the questions. You invest $4000...

Transcribed Image Text:

Directions-Identify the key components, create a compound interest equation, and answer the questions. You invest $4000 into an account that compounds interest on a quarterly basis at 3%. How much money will you have after 5 years? Compound Interest formula: A = P(1+)() a) P = n b) r= c) n = d) t= e) Value after 5 years = (round to two decimal places) Directions-Identify the key components, create a compound interest equation, and answer the questions. You invest $4000 into an account that compounds interest on a quarterly basis at 3%. How much money will you have after 5 years? Compound Interest formula: A = P(1+)() a) P = n b) r= c) n = d) t= e) Value after 5 years = (round to two decimal places)