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29 June, 02:33

You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded

quarterly

a) How much money will you have after ten years? Round to the nearest cent.

b) Find the interest after ten years.

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Answers (1)
  1. 29 June, 05:29
    0
    a) 6253.23

    b) 2053.23

    Step-by-step explanation:

    A = P (1+r/n) ^nt
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