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See question below super confused

See question below super confused-example-1
User Isanjosgon
by
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1 Answer

6 votes

Answer:

$ 1021.25

Explanation:

FV = P ( 1 + .085 * 3/12) = 1021.25

3/12 = 3 months out of a year

.085 = decimal interest P = 1000

User Billjoie
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