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Marie deposits $2,100 for 3 years at 2.1% interest rate, compounded quarterly. What is the ending balance?

Marie deposits $2,100 for 3 years at 2.1% interest rate, compounded quarterly. What is the ending balance?
asked 41.5k views
2 votes
Marie deposits $2,100 for 3 years at 2.1% interest rate, compounded quarterly. What is the ending balance?

asked
User Allen Wu
by
8.1k points

1 Answer

6 votes

Answer:

$2,100(1 + .021/4)¹² = $2,236.19

answered
User Vishnu Kanwar
by
8.3k points
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