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Find the final amount of money in an account if $1,700 is deposited at 5.5 % interest compounded quarterly (every 3 months) and the money is left for 8 years. The final amount i…

Find the final amount of money in an account if $1,700 is deposited at 5.5 % interest compounded quarterly (every 3 months) and the money is left for 8 years. The final amount i…
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Find the final amount of money in an account if $1,700 is deposited at 5.5 % interest compounded

quarterly (every 3 months) and the money is left for 8 years.
The final amount is $
Round answer to 2 decimal places

asked
User Marketingexpert
by
8.3k points

1 Answer

3 votes

Answer:

74800 is the amount of $1700 at the rate of 5.5 for 8 yrs

answered
User Nikesh
by
7.9k points
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