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You deposit $5000 in a bank account that pays $3.5 annual interest. Find the balance after 8 years if the interest is compounded quarterly. Round to the nearest cent.​
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You deposit $5000 in a bank account that pays $3.5 annual interest. Find the balance after 8 years if the interest is compounded quarterly. Round to the nearest cent.​

User Satarupa Guha
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1 Answer

7 votes

The answer:

The answer is 3000

Explanation here:

User Rogersillito
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