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Katyanochek1 [597]
3 years ago
15

A total of $37185 is invested at an annual interest rate of 2% compounded quarterly. Find the balance after 11 years.

Mathematics
1 answer:
vazorg [7]3 years ago
8 0
A=37,185×(1+0.02÷4)^(4×11)
A=46,309.97
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