Nathan invested $18,000 in an account paying an interest rate of 3.4% compounded quarterly. Assuming no deposits or withdrawals
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ANSWER
EXPLANATION
Recall that,
That is why
is equivalent to
This implies that,
This is the same as,
When we are dividing by
we move the decimal point backwards two times.
This implies that,
EXPLANATION
Recall that,
That is why
is equivalent to
This implies that,
This is the same as,
When we are dividing by
we move the decimal point backwards two times.
This implies that,