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$3000 deposit that earns 6% annual interest compounded quarterly ​

$3000 deposit that earns 6% annual interest compounded quarterly ​
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4 votes
$3000 deposit that earns 6% annual interest compounded quarterly ​

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User HumanInDisguise
by
7.5k points

1 Answer

4 votes
Your interest would be $184.9 for 1 year so your total amount would be $3184.09
answered
User Jens De Bruijn
by
8.0k points
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