hannahrasco7867 hannahrasco7867

21-01-2021
Mathematics

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If you deposit $5000 in a bank account paying 4% annual interest compounded quarterly, how much money will be in the account in 5 years? Round to the nearest cent. $[money]

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dhakalprity1 dhakalprity1

21-01-2021

Answer:

1000

Step-by-step explanation:

5000 × 4% × 5 / 100

1000

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