Jeff deposited $6000 into a savings account for which interest is compounded quarterly at a rate of 3.3%. How much interest will he earn after 77 years? *

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asked Aug 21, 2021 229k views

3 votes

Jeff deposited $6000 into a savings account for which interest is compounded quarterly at a rate of 3.3%. How much interest will he earn after 77 years? *

Mathematics
high-school

Darcy Rayner asked

by Darcy Rayner

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2 Answers

1 vote

Answer: 69364.41

Explanation:

6000(1 + 0.00825)^308= 75364.409332

75364.409332- 6000= 69364.409332

BobbyGopnik answered Aug 23, 2021

by BobbyGopnik

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2 votes

Answer:

140,000

Explanation:

Domas Poliakas answered Aug 27, 2021

by Domas Poliakas

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