Juanita Finn Deposits $12,000 into Valley Bank, Which Pays Interest

question 61

Short Answer

Juanita Finn deposits $12,000 into Valley Bank, which pays interest of 8% compounded annually for four years. How much will Juanita have in her account?

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Definitions:

Crosstab Query

A type of query in a database that aggregates and displays data in a two-dimensional grid, summarizing data across rows and columns.

Long Text

A data type in databases designed to store large amounts of text, such as articles or descriptions.

Data Type

Specifies the kind of data that can be stored in a column of a database or a variable in programming, such as integers, strings, or dates.

Parameter Query

A query in databases that requires the user to input one or more criteria to execute it.