Henry invested $59,000 in an account paying an interest rate of 2% compounded quarterly. Assuming no deposits or withdrawals are
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Hi there!
First we need to remember the following.
Now substitute both of the formulas.
Work out the parenthesis.
And finally collect terms.
~ Hope this helps you!
First we need to remember the following.
Now substitute both of the formulas.
Work out the parenthesis.
And finally collect terms.
~ Hope this helps you!