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3 years ago

13

Francisco invested $5,000 into an account that earns 3% compounded quarterly. How many times will Francisco earn interest after

keeping the money in the account for 5 years?

1 answer:

Ede4ka [16]3 years ago

7 0

To do this, we have to know how many quarters are in a year. There are 4.

So if Francisco earns interest 4 times each year, for 5 years he will earn interest 20 times.

4*5=20

-Steel jelly.

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