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April 19, 2014

Homework Help: Algebra - Question about Answers

Posted by Kylie on Saturday, December 17, 2011 at 6:03pm.

I would like to know if my answers are correct.
A principal of 6500.00 is invested in an account paying an annual rate of 4%. Find amount in acct after 4 years if acct is compounded semiannually, quarterly and monthly.
Semiannually - 7615.79
Quarterly - 7621.76
Monthly-7613.64

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