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15 October, 21:53

Ray opened a savings account with $600 at 4.5% interest compounded quarterly and kept it in the account for 2 years. How much was the final amount? Round to the nearest dollar.

$696

$656

$680

$668

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Answers (1)
  1. 15 October, 22:19
    0
    600 (1 + 0.045/4) ^8
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