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ALGEBRA SOLVE: How much money will there be in an account at the end of?

9 years if $12,000 is deposited at 4% interest compounded quarterly.(Assume no withdrawals are made.

THE AMOUNT AFTER 9 YEARS WILL BE__________ ROUND TO NEAREST CENT

1 Answer

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  • M3
    Lv 7
    8 years ago
    Favorite Answer

    12,000(1+ 0.04/4)^(4*9) = $17169.23 <------

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