Suppose $6,500 is invested in an account that earns interest at a rate of 2% compounded quarterly for 10 years. Describe and correct the error a student made when finding the value of the account

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asked Apr 6, 2021 135k views

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Suppose $6,500 is invested in an account that earns interest at a rate of 2% compounded quarterly for 10 years. Describe and correct the error a student made when finding the value of the account

Suppose $6,500 is invested in an account that earns interest at a rate of 2% compounded-example-1

Mathematics
middle-school

Dmitry Yaremenko asked

by Dmitry Yaremenko

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Answer:C

Step-by-step explanation: 7,935.1935.16

Faheem Kalsekar answered Apr 13, 2021

by Faheem Kalsekar

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