Suppose $20,000 is deposited at 4% annual interest compounded quarterly. How much will be in the account

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Suppose $20,000 is deposited at 4% annual interest compounded quarterly. How much will be in the account at the end of 5 yr? (Assume no withdrawals are made.)image

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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