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yaroslaw [1]
3 years ago
8

$750 are deposited into an account quarterly for six years at an interest rate of 5.3% compound quarterly. how much is in the ac

count at the end of the 6 years?
Mathematics
1 answer:
elena-14-01-66 [18.8K]3 years ago
4 0
A = P (1 + r/n)^nt

P = principal amount
r = rate in decimals
n = number of tim s interest is compounded/year
t = # of years amount is deposited or borrowed for

A = 750 (1 + .053/4)^4(6)

A = $1028.63
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