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You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? Round your ans…

You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? Round your ans…
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You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? Round your answer to the nearest whole number.

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User Sveerap
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2 Answers

5 votes
180.81 is the answer
answered
User Kavin Dsouza
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8.2k points
2 votes
3 dollars qrtly making it 12 a year times 20 years will be 340 
answered
User Cris
by
8.3k points
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