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A savings account earns 7% interest each year, compounded quarterly (4 times a year). If a person invests $300 and makes no further deposits or withdrawals, what is the balance in the account after 5 years
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Mar 28, 2022
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A savings account earns 7% interest each year, compounded quarterly (4 times a year). If a person invests $300 and makes no further deposits or withdrawals, what is the balance in the account after 5 years
Mathematics
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