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Which equation would find the balance on this account? initial deposit of $4000 APR of 7.3% Compounded weekly Time of 20 years Group of answer
Which equation would find the balance on this account?
- initial deposit of $4000
- APR of 7.3%
- Compounded weekly
- Time of 20 years
Group of answer choices
Balance=4000(1+.073/52)^(52*20)1040
Balance=4000(1+7.3/12)1040
Balance=4000(1+.073/12)20
Balance=4000(1+7.3/52)1040
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