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Earl has deposited $798 in a savings account that earns interest at a rate of 3.1% compounded quarterly. What will the account balance be in 21 years

Earl has deposited $798 in a savings account that earns interest at a rate of 3.1% compounded quarterly. What will the account balance be in 21 years
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Earl has deposited $798 in a savings account that earns interest at a rate of 3.1% compounded quarterly. What will the account balance be in 21 years

User SleepyBoBos
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1 Answer

4 votes
$1,317
798(1+(0.031 x 21))
User Tomer Shemesh
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8.3k points
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