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Austin invested $60,000 in account paying an interest rate at 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dol…

Austin invested $60,000 in account paying an interest rate at 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dol…
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Austin invested $60,000 in account paying an interest rate at 4.7% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, will be in the account after 11 years?

User Remyremy
by
8.4k points

1 Answer

7 votes

Answer:

100,300

Explanation:

User Nlucaroni
by
8.9k points
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