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Posted by on Thursday, April 11, 2013 at 7:35pm.

You deposit $6,700 in a money-market account that pays and annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years

  • Math - , Thursday, April 11, 2013 at 7:58pm

    i = .033/4 = .00825
    n = 4(4) = 16

    amount = 6700(1.00825)^16 = $7641.29

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