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3 years ago

6

You deposit $2000 in a bank account that pays 3% annual interest. Find the balance after 8 years if the interest is compounded q

uarterly. Round to the nearest cent.

1 answer:

Phantasy [73]3 years ago

5 0

Answer:

2480‬$

Explanation:

2000$*(3%=0.03)=60$

multiply by 8 = 480$

then by adding it to 2000 = 2480$

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