SOLUTION: Find the amount in an account where $100 is invested at 4% compounded quarterly for a period of two years.

SOLUTION: Find the amount in an account where $100 is invested at 4% compounded quarterly for a period of two years.

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Question 760784: Find the amount in an account where $100 is invested at 4% compounded quarterly for a period of two years.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=100(1+0.04/4)^4*2
A=100(1.01)^8
A=100(1.0828567)
A=$108.29
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