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Mathematics, 06.04.2021 02:40 ChanceJ

A bank features a savings account that has an annual percentage rate of r=2.2% with interest compounded quarterly. Ben deposits $2,000 into the account.

The account balance can be modeled by the compound interest formula:

Where A is the future value, A_0\\ is the original deposit, r is the annual percentage rate, n is the number of times each year that the interest is compounded, and t is the length of time the money is invested in years.

1. what are the values for A_0, r, and n?=
r=
n=

2. How much money will Ben have in the account in 9 years?
Answer=
Round answer to the nearest penny.


A(t)=A_0(1+\frac{r}{n})^n^t
A_0

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