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15 October, 08:27

Clay deposited $500 in a savings account which pays 8.2% interest,

compounded quarterly. What was his balance at the beginning of the

third quarter?

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Answers (1)
  1. 15 October, 08:47
    0
    Abou 544.64 or exactly 544.637684

    Step-by-step explanation:

    You need to remeber to add the new interest every quarter. To find how much the new interest increases each quarter.
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