maya invested $3,500 in an account paying an interest rate of 4.5% compounded quarterly. assuming no…

maya invested $3,500 in an account paying an interest rate of 4.5% compounded quarterly. assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 12 years?

maya invested $3,500 in an account paying an interest rate of 4.5% compounded quarterly. assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 12 years?

Answer

Answer:

$6000$

Explanation:

Step1: Identificar la fórmula

La fórmula de interés compuesto es $A = P(1+\frac{r}{n})^{nt}$, donde $A$ es el monto final, $P$ es el capital inicial, $r$ es la tasa de interés anual (en decimal), $n$ es el número de veces que se compone el interés por año y $t$ es el número de años.

Step2: Convertir la tasa de interés

$r = 4.5%=0.045$.

Step3: Identificar valores de $P$, $n$ y $t$

$P = 3500$, $n = 4$ (compuesto trimestralmente) y $t = 12$.

Step4: Sustituir valores en la fórmula

$A=3500(1 +\frac{0.045}{4})^{4\times12}=3500(1 + 0.01125)^{48}$.

Step5: Calcular $(1 + 0.01125)^{48}$

$(1 + 0.01125)^{48}\approx1.709$.

Step6: Calcular $A$

$A = 3500\times1.709 = 5981.5$.

Step7: Redondear

Redondeando a la centena más cercana, $A\approx6000$.