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A bank offers a savings account that accrues compound interest quarterly at a rate of 4%. What is the initial amount needed in this account so that after 8 the account has a tot…
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A bank offers a savings account that accrues compound interest quarterly at a rate of 4%. What is the initial amount needed in this account so that after 8 the account has a tot…
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Mar 27, 2022
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A bank offers a savings account that accrues compound interest quarterly at a rate of 4%. What is the initial amount needed in this account so that after 8 the account has a total of 439?
Please help!!! I need the equation and the answer itself
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Answer:
439(1+4/100x8=579.48
Sampath D
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Apr 1, 2022
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Sampath D
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