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John invests $750 into an account that makes 3.75 percent interest compounded quarterly. What will his account balance be after 3 years?

John invests $750 into an account that makes 3.75 percent interest compounded quarterly. What will his account balance be after 3 years?
asked 66.6k views
1 vote
John invests $750 into an account that makes 3.75 percent interest compounded quarterly. What will his account balance be after 3 years?

asked
User ByteNirvana
by
7.1k points

1 Answer

5 votes
A=750×(1+0.0375÷4)^(4×3)
A=838.86
answered
User Ofirski
by
7.8k points
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