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7 April, 05:26

Find the balance in the account after the given period $500 principal earning 4% compound quarterly after 6 years

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  1. 7 April, 05:33
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    A=P (1+r/100) ^n

    A=500 (1+4/400) ^24

    A=500 (1.01) ^24

    A=634.87
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