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3 March, 00:48

Find the amount in an account where $500 in invested at 2.5% compounded quarterly for a period of 10 years.

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  1. 3 March, 01:14
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    Answer: $641.51

    Step-by-step explanation:

    A = p (1 + r/n) ^nt

    A = 500 (1 + 0.025/4) ^4*10

    A = 641.51
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