Lucy invested $770 in an account paying an interest rate of 3.2% compounded quarterly. Assuming no deposits or withdrawals are m
ade, how much money, to the nearest ten dollars, would be in the account after 12 years?
1 answer:
Answer:
$1930
Step-by-step explanation:
770 + 24.64 (48-1)
there are 4 quarters in a year so you do 48 terms instead of 12.
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