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Jeremy invests $8,500 into an account with a 2.4% interest rate that is compounded quarterly. How much money will be in this account after 6 years? Round your answer to the nearest cent. Do NOT round until
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Nov 6, 2023
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Jeremy invests $8,500 into an account with a 2.4% interest rate that is compounded quarterly. How much money will be in this account after 6 years?
Round your answer to the nearest cent. Do NOT round until you have calculated the final answer.
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Answer:
9812.29
Explanation:
Using the compound interest formula,
Serenesat
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Nov 10, 2023
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