nyebill22 nyebill22

17-04-2017
Mathematics

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Frank deposited $100 into an account that earns 4% interest which is compounded 4 times per year. How much money will Frank have in his account in 3 years?

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Aliwohaish12 Aliwohaish12

17-04-2017

A=100×(1+0.04÷4)^(4×3)
A=112.68

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