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What is the final amount of $70.00 that is put into a savings account with 16% interest rate for 25 years, if the interest is compounded 4 times per year?
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What is the final amount of $70.00 that is put into a savings account with 16% interest rate for 25 years, if the interest is compounded 4 times per year?

User Vellotis
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1 Answer

5 votes
The final amount is $1190
Hope that helps
User Masafumi
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