SOLUTION: Molly borrows $1500 at 6% interest compounded quarterly. How much does she owe after one year?
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Question 593292: Molly borrows $1500 at 6% interest compounded quarterly. How much does she owe after one year?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=1500(1+0.06/4)^4
A=1500(1.015)^4
A=$1592.00
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