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2 years ago

15

Thomas opened a savings account with an annual interest rate of 7% and an initial deposit of $5000. If his interest is compounde

d quarterly, how much is in Thomas’s account after 4 years? Round your answer to the nearest cent.
interest compounded quarterly: A = P(1+r/4)

1 answer:

Ronch [10]2 years ago

8 0

I think i did this one before it was 1000 was the answer for it .

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