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John invests $750 into an account that makes 3.75 percent interest compounded quarterly. What will his account balance be after 3 years?
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1 vote
John invests $750 into an account that makes 3.75 percent interest compounded quarterly. What will his account balance be after 3 years?

User ByteNirvana
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1 Answer

5 votes
A=750×(1+0.0375÷4)^(4×3)
A=838.86
User Ofirski
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