Kim started a paper route on January 1, 2016. Every three months, she deposited $300 in her
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Kim started a paper route on January 1, 2016. Every three months, she deposited $300 in her new bank account, which earned 4 percent annually but was compounded quarterly. On December 31, 2019, she placed the entire balance in her bank account in an investment that earned 5 percent annually. How much will she have on December 31, 2022?
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23800 300 x 4104 23800 100 in the first year 100 x 105 105 over the first four years 105 ...View the full answer
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