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April 21, 2014

Homework Help: essential Mathematics

Posted by unknown on Friday, May 28, 2010 at 7:16pm.

if on the first of january a savings account has a balance of $3,200, what amount will be there in this account after three years if the bank gives 6% per year interest compounded quarterly? (assume that there are no deposits or withdraws of money during these three years.

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