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You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly.

You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly.
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1 vote
You deposit $1200 in an account that earns 7.2% annual interest. Find the balance after 8 years when the interest is compounded quarterly.

asked
User Zilberman Rafael
by
7.9k points

2 Answers

6 votes

Answer:

checked answer, 2123.78

answered
User Hanzo
by
8.2k points
6 votes
might be wrong but around 1900
answered
User Zhao Peng
by
8.7k points
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