SOLUTION: Walter's savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

SOLUTION: Walter's savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

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Question 835073: Walter's savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=273(1+0.05/4)^5*4
FV=273(1.0125)^9
you do the math
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