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Andrews [41]
3 years ago
8

If $8000 is deposited into an account earning compound interest at an annual interest rate of 4% for 10 years, and it is compoun

ded quarterly (thus 4 times per year), how much money is in the account at the end of the 5 years? Round your answer to the nearest cent.
Mathematics
1 answer:
Furkat [3]3 years ago
7 0

Answer:

$9761.52

Step-by-step explanation:

use compound interest formula at top of image

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