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You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? Round your answer to the nearest whole number.

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  1. 3 April, 22:24
    0
    180.81 is the answer
  2. 3 April, 22:31
    0
    3 dollars qrtly making it 12 a year times 20 years will be 340
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