joshgosh3501 joshgosh3501

15-12-2022
Mathematics

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A bank features a savings account that has an annual percentage rate of r=3.5% with interest compounded quarterly. Althea deposits $3,500 into the account.

What values should be used P, r, and n?

How much money will Althea have in the account in 8 years? Round to the nearest penny.

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