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17-01-2020
Mathematics

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You invest $500 into a savings account that compounds interest quarterly at a rate of 2%. What will be your account balance after 8 years?

You invest 500 into a savings account that compounds interest quarterly at a rate of 2 What will be your account balance after 8 years class=

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typicalmirah typicalmirah

17-01-2020

i =PRT/100
i = 500(2)(8)/100
i = 80

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