# Math

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Find total amount in the compound intrest account.

\$2000 is compounded quarterly at a rate of 8% for 6 years. (Round to nearest Hundereths as needed)

• Math -

amount = 2000(1.02)^24
= ...

• Math -

so 48960?

• Math -

How did you possibly get that ???

amount = 2000(1.02)^24
= 2000(1.608437)
= 3216.87

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