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28 September, 17:08

Ashley deposits $500 into an account that earns 2% interest compounded 3 times per year. How much money will Ashley have in her account after 4 years? Round to the nearest cent. A. $600.12 B. $541.50 C. $458.50 D. $587.02

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  1. 28 September, 19:38
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    A=p (1+r/k) ^kt

    A=500 * (1+0.02:3) ^ (3*4)

    A=541.50
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