Question

Dirk entered the following expression into a graphing calculator 13600*(1+.02/4)^(4*12) which of these future values could he have been calculating

Answer 1

The answer is the future value of $13,600 invested at 2% interest compounded quarterly for 12 years.

Explanation:

Answer 2

We are given the expression:
13600*(1+.02/4)^(4*12)
This is the form of the expression in determining the future worth of money. Drik could have been calculating the total amount of money he needed to pay after getting a loan with the following conditions
$13600 loan amount
2% interest compounded quarterly
4 years loan term