Wednesday
September 3, 2014

Homework Help: math

Posted by Aleah on Friday, July 24, 2009 at 11:37pm.

June made an initial deposit of $5000 in an account for her son. Assuming an interest rate of 7% compounded quarterly, how much will the account be worth in 11 years? Round to the nearest cent. Can someone help me with this problem?

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