5.8% with interest A bank features a savings account that has an annual percentage rate of r compounded quarterly. Holly deposits $6,500 into the account. %3D Remember the formula for n is n =...

A bank features a savings account that has an annual percentage rate of R=5.8% with interest compounded quarterly. Holly deposits $6,500 into the account.


(A) What value should be used for n if time = 1010 years?

(B) How much money will Holly have in the account in 1010 years?

C) What is the effective rate for the savings account?

Extracted text: 5.8% with interest A bank features a savings account that has an annual percentage rate of r compounded quarterly. Holly deposits $6,500 into the account. %3D Remember the formula for n is n = (p/y)(t) (A) What value should be used for n if time = 10 years? n = (B) How much money will Holly have in the account in 10 years? Answer = $ %3D Round answer to the nearest penny. (C) What is the effective rate for the savings account? %. Round answer to 2 decimal places i.e. 12.23%. rate = Submit Question