document.write( "Question 1103014: How do you do this problem? \r
\n" ); document.write( "\n" ); document.write( "You decide to get an after school job and your first paycheck is for $500. Your parents make you put the money in a savings account that pays 3.8% interest and is compounded quarterly. After 3 years, how much money would you have?
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Algebra.Com's Answer #717714 by josgarithmetic(39623)\"\" \"About 
You can put this solution on YOUR website!
Three years will be \"3%2A4=12\" compounding periods a a rate of \"3.8%2F4=0.95\" percent EACH compounding period.\r
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\n" ); document.write( "\n" ); document.write( "Balance after the three years:
\n" ); document.write( "\"500%2A%281%2B0.0095%29%5E12\"\r
\n" ); document.write( "\n" ); document.write( "\"500%281.0095%29%5E12\"\r
\n" ); document.write( "\n" ); document.write( "\"highlight%28560.07%29\"
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