Lucy makes deposits of $280 into an account with an APR of 3.7% at regular intervals 4-times

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Lucy makes deposits of $280 into an account with an APR of 3.7% at regular intervals 4-times a year. If the starting balance was zero dollars, what is the account balance after 5 years?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 19, 2024 04:27 PM

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Lucy makes deposits of $280 into an account with an APR of 3.7% at regular intervals 4-times

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To calculate the account balance after 5 years we need to use the formula for compound interest f... View the full answer

Income Tax Fundamentals 2013

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