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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. -- x-(- nt A nt A = Pert 8) Principal: $9500 Rate: 4.5% Compounded: monthly Time: 4 years A) amount in account: $13,206.04; interest earned: $1828.93 B) amount in account: $9936.43; interest earned: $436.43 C) amount in account: $11,369.74; interest earned: $1869.74 D) amount in account: $9643.30; interest earned: $143.30 SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Solve the problem. 9) A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is 9). compounded quarterly at a rate of 7%. What will be the value of the daughter's account on her twentieth birthday, assuming no other deposits or withdrawals are made during this period?
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