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Marie deposits $2,100 for 3 years at 2.1% interest rate, compounded quarterly. What is the ending balance?

Marie deposits $2,100 for 3 years at 2.1% interest rate, compounded quarterly. What is the ending balance?
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Marie deposits $2,100 for 3 years at 2.1% interest rate, compounded quarterly. What is the ending balance?

User Allen Wu
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1 Answer

6 votes

Answer:

$2,100(1 + .021/4)¹² = $2,236.19

User Vishnu Kanwar
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8.3k points
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