Ellen wants to make quarterly deposits of $1000 into a savings account that offers 1.4% interest compounded

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Ellen wants to make quarterly deposits of $1000 into a savings account that offers 1.4% interest compounded quarterly. How long will it take for the balance to grow to $15,000?

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 02:57 AM

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Ellen wants to make quarterly deposits of $1000 into a savings account that offers 1.4% interest compounded

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Here we will use the formula APert Where A15000 is the amountP10000 is the principalr14001...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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