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Suppose I have $5000 to invest, and I am able to invest it at an 8% rate compounded quarterly. Which formula below shows the
Suppose I have $5000 to invest, and I am able to invest it at an 8% rate compounded quarterly. Which formula below shows the correct setup for calculating how much money will be in the account after 20 years? I will have A = 5000e0.08-20 dollars. OI will have 0.08 4-20 A = 5000(1+ 4 dollars. I will have A = 5000e 0.08-4-20 dollars. OI will have A = 5000 (1+0.08) 12 dollars. 12-20
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