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You deposit $9,800 in a money-market account that pays an annual interest rate of 5.8%. The interest is compounded quarterly. How much money will you have after 3 years?
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You deposit $9,800 in a money-market account that pays an annual interest rate of 5.8%. The interest is compounded quarterly. How much money will you have after 3 years?
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Nov 6, 2017
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You deposit $9,800 in a money-market account that pays an annual interest rate of 5.8%. The interest is compounded quarterly. How much money will you have after 3 years?
Mathematics
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Rosalie Bruel
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This is how much money you would have after 3 years with 5.8% interest, $16,620.80
Pratik Anand
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Nov 11, 2017
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