SOLUTION: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 3% interest compounded quarterly. By how much will your deposit have grown after 8 years?

SOLUTION: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 3% interest compounded quarterly. By how much will your deposit have grown after 8 years?

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Question 667520: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 3% interest compounded quarterly. By how much will your deposit have grown after 8 years?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
$1270.00
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