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Jeffrey opened a savings account with $15,000. His annual interest rate is 4.8%, and his interest is compounded quarterly. How much is in Jeffrey’s account after 7 years? interest compounded quarterly:
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Jeffrey opened a savings account with $15,000. His annual interest rate is 4.8%, and his interest is compounded quarterly. How much is in Jeffrey’s account after 7 years? interest compounded quarterly: A = P (1 + )4t

User Chinnery
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I believe it is $33.60
User WorkSmarter
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