m3rk098 m3rk098
  • 24-04-2018
  • Mathematics
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hey there! posted picture of question help please

hey there posted picture of question help please class=

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carlosego
carlosego carlosego
  • 24-04-2018
For this case we have the following function:
 A (t) = P (1 + r / n) ^ nt
 Substituting values we have:
 A (5) = 500 * (1 + 0.06 / 12) ^ (12 * (5))
 A (5) = 674.4250763
 Rounding we have:
 A (5) = 674.43
 Answer:
 
The answer for this case is given by:
 
A (5) = 674.43
 
option B
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