An account with an initial balance of $1250 earns interest that is compounded quarterly. If no other deposits or withdrawals are made, the account will have a balance of $1406.0…

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Parameshwar Ande · Answer 1 · 2024-09-11T06:41:34+0000

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If no other deposits or withdrawals are made, the account will have a balance of $1406.08 after 9 months. Find the annual interest rate. Expert Answer.

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An account with an initial balance of $1250 earns interest that is compounded quarterly. If no other deposits or withdrawals are made, the account will have a balance of $1406.0…

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