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marysya [2.9K]
3 years ago
5

Use the appropriate compound interest formula to compute the balance in the account after the stated period of time ​$1400 is in

vested for 5 years with an APR of 6​% and quarterly compounding. The balance in the account after 5 years is :
Mathematics
1 answer:
nirvana33 [79]3 years ago
3 0

Answer:

$ 1,885.60

1400(1+0.06/4)^4(5)

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