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Liam deposits $2400 into an account that earns 8.3% interest compounded quarterly. how much money wi...
4 months ago
Q:
liam deposits $2400 into an account that earns 8.3% interest compounded quarterly. how much money will liam have in 5 years.
Accepted Solution
A:
Answer:Total = 2,400 * (1 + (.083/4))^4*5Total = 2,400 * (1.02075)^20Total = 2,400 * 1.5079528829Total = 3,619.09Step-by-step explanation: