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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asked May 2, 2022 165k views

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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

Mathematics
high-school

Ghiboz asked

by Ghiboz

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1 Answer

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Answer: the final balance is $5,097.18

The total compound interest is $597.18

Explanation:

Hyat answered May 7, 2022

by Hyat

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