Mathematics, 09.04.2020 19:44 DenniJ19

1. The value of an initial investment of $400 at 3% nominal yearly interest compounded quarterly can be
modeled using which of the following equations, where t is the number of years since the investment was
made?
(1) A=400(1.0075)"
(3) A = 400(1.03)"
(2) A=400(1.0075)
(4) A=400(1.0303)"

Answers: 1

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