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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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23 votes
23 votes
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 Pavan Gupta
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1 Answer

16 votes
16 votes

Answer:

3.6%

Step-by-step explanation:

withdrawl

User Cypark
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2.7k points
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