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A deposit of $325 is made to a checking account that pays 4% annual interest, compounded quarterly.

A deposit of $325 is made to a checking account that pays 4% annual interest, compounded quarterly.
asked 196k views
18 votes
A deposit of $325 is made to a checking account that pays 4% annual interest, compounded quarterly.

asked
User Yevgeniy Anfilofyev
by
7.4k points

1 Answer

10 votes

Answer:

The amount is $338.2 and the interest is $13.20

Explanation:

answered
User Majbah Habib
by
7.9k points
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