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$1200 deposit at an APR of 4% with quarterly compounding for 2 years.​

$1200 deposit at an APR of 4% with quarterly compounding for 2 years.​
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$1200 deposit at an APR of 4% with quarterly compounding for 2 years.​

asked
User Praveen Jakkaraju
by
8.9k points

2 Answers

3 votes

Answer:

The amount is $1298.92 and the interest is $98.92.

Explanation:

$1200 deposit at an APR of 4% with quarterly compounding for 2 years.​-example-1
answered
User Seslyn
by
7.9k points
5 votes

Answer:1296

Step-by-step explanation:1200*.04=96

1200+96=1296

answered
User Nataliya
by
8.0k points
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