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Mr. Jimenez deposited money into an account in which interest is compounded quarterly at a rate of 2. 6%. How much did he deposit if the total amount in his account after 4 years was $7160. 06, and he
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Mr. Jimenez deposited money into an account in which interest is compounded quarterly at a rate of 2. 6%. How much did he deposit if the total amount in his account after 4 years was $7160. 06, and he made no other deposits or withdrawals?

User Faris Rayhan
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7.5k points

1 Answer

12 votes

Answer:

3.6%

Step-by-step explanation:

withdrawl

User Vehovmar
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8.5k points
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