SOLUTION: $300 earning 4.5% interest compounded quarterly for 3 years?

SOLUTION: $300 earning 4.5% interest compounded quarterly for 3 years?

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Question 302056: $300 earning 4.5% interest compounded quarterly for 3 years?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
300(1+.045/4)^3*4
300(1+.011250)^12
300(1.01125)^12
300(1.1437)=$343.10 ans.
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