Perform the indicated operations. If $2500 is invested at 2.1% interest, compounded quarterly, the amount in the
Question:
Perform the indicated operations.
If $2500 is invested at 2.1% interest, compounded quarterly, the amount in the account after 6 years is 2500(1 + 0.021/4)24. Round the answer to the nearest penny.
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Using the given formula we can calculate the amount in the acco...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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