Suppose $600 is deposited into an account every quarter The account earns 5 interest, compounded quarterly a What is the future value of the account after 5 years b Write the future value function if x represents the number of quarters c Use a graphing calculator to graph the future value function ...

a b c Enter the equation in Y 1 The minimum on the xaxis is 0 the maximum is 15 ...

Suppose $600 is deposited into an account every quarter. The account earns 5% interest, compounded quarterly. a.

Question:

Suppose $600 is deposited into an account every quarter. The account earns 5% interest, compounded quarterly.
a. What is the of the account after 5 years?
b. Write the function if x represents the number of quarters.
c. Use a graphing calculator to graph the function.
d. Using the graph, what is the approximate balance after 3 years? Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...