A person has begun to deposit$500every 3 months in an account that pays6%annual interest, compounded quarterly. Find

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A person has begun to deposit$500every 3 months in an account that pays6%annual interest, compounded quarterly. Find the number of deposits needed for the total amount to reach$20000.

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Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

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Posted Date: Aug 28, 2022 11:39 AM

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A person has begun to deposit$500every 3 months in an account that pays6%annual interest, compounded quarterly. Find

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The number of deposits needed for the total amount to reach 20000 is 40 Explanation To f... View the full answer

Algebra and Trigonometry

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