SOLUTION: Find the final amount of money in an account if $4,300 is deposited at 3.5% interest compounded quarterly (every 3 months) and the money is left for 6 years.

SOLUTION: Find the final amount of money in an account if $4,300 is deposited at 3.5% interest compounded quarterly (every 3 months) and the money is left for 6 years.

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Question 1158811: Find the final amount of money in an account if $4,300 is deposited at 3.5% interest compounded quarterly (every 3 months) and the money is left for 6 years.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
This is Po=4300(1+(.035/4))^24, for 24 times the money is compounded.
round at end.
=$5299.97
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