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You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?

You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?
asked 91.1k views
5 votes
You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?

asked
User Evgen Filatov
by
8.4k points

1 Answer

2 votes

Answer:

$1000

Explanation:

answered
User Pazams
by
7.8k points
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