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13-03-2017
Mathematics

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You deposit $7,900 in a money-market account that pays an annual interest rate of 4.3%. The interest is compounded quarterly. How much money will you have after 3 years?

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Aliwohaish12 Aliwohaish12

13-03-2017

A=7,900×(1+0.043÷4)^(4×3)
A=8,981.57

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