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February 26, 2015

Homework Help: math

Posted by yenny on Sunday, April 17, 2011 at 2:00pm.

An amount of $3000 was deposited in a bank at a rate of 2% annual interest compounded quarterly for 3yrs. The rate then increased to 3% annual interest and ws compounded quarterly for the next 3 yrs. If no money was withdrawn what was the balance at the end of this time?

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