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28 October, 04:43

Yujin Pon has a principal of $900 in her savings account on October 1. The money earns interest at a rate of 6.5% compounded quarterly until July 1 of the following year. What is the amount in the account on July 1?

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  1. 28 October, 04:59
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    900 * (1+0.065:4) ^ (9)

    =1,040.51
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