MATH 121 (MATH 121)

MATH 121 - Final Milestone. Questions and Answers. Rationales Provided. 24/25 Score. Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually. How much money is in the account after four years if no withdrawals or additional deposits are made? $24,100.00 $24,350.52 $23, 600.00 $23,850.37 RATIONALE This is the general equation for compounding interest, where is the principal balance, is the annual percentage rate (APR), is time (in years), and is the number of times ...

MATH 121 - Final Milestone. Questions and Answers. Rationales Provided. 24/25 Score. Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually. How much money is in the account after four years if no withdrawals or additional deposits are made? $24,100.00 $24,350.52 $23,600.00 $23,850.37 RATIONALE This is the general equation for compounding interest, where is the principal balance, is the annual percentage rate (APR), is time (in years), and is the numbe...