Solve the Problem $\mathrm { A } = \mathrm { P } \left( 1 + \frac { \mathrm { r } } { \mathrm { n } } \right) ^ { \mathrm { nt } }$

question 221

Multiple Choice

Solve the problem.
-Find the amount in a savings account at the end of 4 years if the amount originally deposited (the principal) is $5000 and the interest rate is 6.5% compounded quarterly.
The formula for the final amount isal amount is $\mathrm { A } = \mathrm { P } \left( 1 + \frac { \mathrm { r } } { \mathrm { n } } \right) ^ { \mathrm { nt } }$

• A)$6471.11
• B)$5333.01
• C)$7118.22
• D)$81,300.00

---

Definitions:

Liquidation

The process of closing a business and distributing its assets to claimants.

Profit and Loss Ratio

Measures the relationship between the profits and losses of a business, indicating financial performance.

Safe Cash Payments

Methods of cash transactions that minimize the risk of theft, loss, or accounting errors.

Noncash Assets

Assets that are not in the form of cash or cannot be easily converted into cash, such as property, plant, and equipment.