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March 26, 2017

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june made a initial deposit of 4700 in an account assuming an interest rate of 12% compounded quarterly how much will the account be worth in 10 years

  • math - ,

    40 periods at 12/4 = 3% each

    1.03^40 = 3.262

    4,700 * 3.262 = $ 15,331.58

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