Mathematics, 02.10.2019 14:10 fatty18
Thomas opened a savings account with an annual interest rate of 7% and an initial deposit of $5000. if his interest is compounded quarterly, how much is in thomas’s account after 4 years? round your answer to the nearest cent.
interest compounded quarterly: a = p(1+r/4)
Answers: 1
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Thomas opened a savings account with an annual interest rate of 7% and an initial deposit of $5000....
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