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Suppose that $2000 is deposited at 6% compounded quarterly.
(a) How much money will be in the account at the end of 5 years? (Àssume no withdrawals are made.)
(b) How long will it take for the account to grow to $3000?
(a) The account will contain $) at the end of 5 years
Answers: 1
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Round the number to the hundredths place. 26,379.87492 a. 26,379.87 b. 26,379.88 c. 26,380 d. 26,400
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Suppose that $2000 is deposited at 6% compounded quarterly.
(a) How much money will be in the accou...
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