Answer:
a) [tex]y = 750(1+0.05/4)^{4t}[/tex]
b) $914.92
Step-by-step explanation:
a) The equation would be
[tex]y = 750(1+0.05/4)^{4t}[/tex]
y is the future balance
t is the time
b)
[tex]y = 750(1+0.05/4)^{4(4)}[/tex]
[tex]y = 750(1.0125)^{16}[/tex]
[tex]y = 750(1.2199)[/tex]
[tex]y = 914.92[/tex]
Hope this helped! :)
(And I hope you are having a great day too!)
