jgiles22 jgiles22

25-04-2017
Mathematics

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Eddie deposited $1200 into an account that earns 3% interest compounded 4 times per year. How much money will Eddie have in his account after 5 years? Round to the nearest cent.

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Aliwohaish12 Aliwohaish12

25-04-2017

A=1,200×(1+0.03÷4)^(4×5)
A=1,393.42

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