Mathematics
SynthiaBrohl
33

You deposit $6,700 in a money-market account that pays an annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years?

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(1) Answers
Cibula685

A=6,700×(1+0.033÷4)^(4×4) A=7,641.29

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