rosheimmaria rosheimmaria

02-05-2017
Mathematics

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The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will be the balance of her account after all the interest is paid?

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Aliwohaish12 Aliwohaish12

04-05-2017

A=5,800×(1+0.056÷4)^(4×1)
=6,131.68

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