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Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 year
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Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 year

User Ghiboz
by
8.4k points

1 Answer

2 votes

Answer: the final balance is $5,097.18

The total compound interest is $597.18

Explanation:

User Hyat
by
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