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MATH SOLVE
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$1200 is invested at 3% compounded quarterly. What is the total amount, to the nearest dollar, after...
4 months ago
Q:
$1200 is invested at 3% compounded quarterly. What is the total amount, to the nearest dollar, after 5 years?
Accepted Solution
A:
the formula to calculate the amount is 1200(1+0.03/4)^5