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The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will…
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The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will…
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Feb 8, 2018
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The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will be the balance of her account after all the interest is paid?
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DanMatlin
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A=5,800×(1+0.056÷4)^(4×1)
=6,131.68
Emre Akman
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Feb 12, 2018
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