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Neko [114]
3 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)
Mathematics
1 answer:
Ronch [10]3 years ago
8 0
I think i did this one before it was 1000 was the answer for it .
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