Respuesta :

Answer:

5958(1+(.059)/(4))^(4t) the answer is $8977.47

Step-by-step explanation:

altavistard

Answer:

A  = $8977.47

Step-by-step explanation:

Use the compound amount formula:  A = P(1 + r/n)^(n*t).  Here, n = 4 because compounding is quarterly.

A = $5958(1 + 0.059/4)^(4*7)

  =  $5958(1 + 1.01475)^28

  =  $5958(1.01475)^28

  = $5958(1.507)

A  = $8977.47          (which matches the 3rd possible answer)