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PLEASE HELP
Complete the table by computing the amount in the account at the end of each period.

PLEASE HELP Complete the table by computing the amount in the account at the end of each period class=

Respuesta :

mhanifa

Answer:

See below

Step-by-step explanation:

  • Initial Principal P₀ = 1000
  • End of first period = 1000 + 1000*0.02/4 = 1005
  • End of second period = 1005 + 1000*0.02/4 = 1010
  • End of third period = 1010 + 1000*0.02/4 = 1015
  • End of fourth period = 1015 + 1000*0.02/4 = 1020