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kifflom [539]
4 years ago
7

Find the amount in an account where $500 in invested at 2.5% compounded quarterly for a period of 10 years.

Mathematics
1 answer:
atroni [7]4 years ago
6 0

Answer: $641.51

Step-by-step explanation:

A = p (1+ r/n)^nt

A = 500 (1 + 0.025/4)^4*10

A = 641.51

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