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August 30, 2014

August 30, 2014

Posted by **Amy** on Tuesday, October 2, 2012 at 8:33am.

- Consumer Math -
**Steve**, Tuesday, October 2, 2012 at 11:42amassuming

(a) the deposit was made at the beginning of the 1st quarter

(b) the interest is credited quarterly

then after two quarters (the beginning of the third quarter), the balance is

1400(1+2*.0675/4) = 1447.25

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