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yKpoI14uk [10]
3 years ago
11

Henry invested $59,000 in an account paying an interest rate of 2% compounded quarterly. Assuming no deposits or withdrawals are

made, how much money, , would be in the account after 20 years?
Mathematics
1 answer:
AfilCa [17]3 years ago
5 0

Answer:

Step-by-step explanation:

A=P(1+r/4)^{(4t)}\\ \\ A=P(1+.02/4)^{(4t)}\\ \\ A=59000(1.005)^{4(20)}\\ \\ A=\$ 87929.98

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Which is the correct answer
VashaNatasha [74]

Let s denote the number of pages in each issue of the sports magazine.

Let t denote the number of pages in each issue of the technology magazine.

Given that a sports magazine prints 12 issues per year and a technology magazine prints 10 issues per year.The total number of pages in all the issues of the sports magazine for one year is 32 more than the total number of pages in all the issues of the technology magazine for one year.

This can be written in equation as,

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This can be written in equation as,

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7 0
4 years ago
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Answer:

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