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672 deposited at the beginning of each quarter for 7 years; money earns 5% compounded monthly

672 deposited at the beginning of each quarter for 7 years; money earns 5% compounded monthly
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672 deposited at the beginning of each quarter for 7 years; money earns 5% compounded monthly

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User Nachbar
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1 Answer

6 votes
A(7)=672(1+.05/4)^4(7)
A(7)=$951.55
answered
User Ahrengot
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7.2k points
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