Find the ending balance if $500 was deposited at 5% annual interest compounded quarterly for 3 years.

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22 votes

Answer:

$575 ,

Explanation:

5% of $500 is only $25

multiply that by 3YRS due to annual interest it would amount too

an addition $75 dollars so the answer is $575

Keithgaputis answered Feb 11, 2022

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