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Example 1: Jose opens a savings account with principal P dollars that pays 5% interest, compounded quarterly. What will his ending balance be after one year?
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1 vote
Example 1:

Jose opens a savings account with principal P dollars that pays 5% interest, compounded
quarterly. What will his ending balance be after one year?

User MasterOfTheHouse
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1 Answer

7 votes

Answer:

Explanation:

Example 1: Jose opens a savings account with principal P dollars that pays 5% interest-example-1
User Aleyda
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