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Mathematics, 22.01.2020 08:31 A1A2T3

Elton opened a compound interest savings account with $5500 in principal and an interest rate of 2.8%. if interest is compounded quarterly, how much is in the account after 4 years?
interest compounded quarterly: a = p (1 + r/4)4t

a.
$6149.42

b.
$6142.36

c.
$649.42

d.
$642.36

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Answers: 3

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