document.write( "Question 730041: Suppose you invest $250 in an account that pays 4.5% interest compounded quarterly.
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Algebra.Com's Answer #853073 by ikleyn(53427) $\"\"$ $\"About$

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\n" ); document.write( "Suppose you invest $250 in an account that pays 4.5% interest compounded quarterly.
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document.write( "In this problem, 30 months is 30/3 = 10 quarters.\r\n" );
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document.write( "So, there were 30 compounding.\r\n" );
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document.write( "The standard formula for compounded account gives the future value\r\n" );
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document.write( "    FV =  = 279.59 dollars.    ANSWER\r\n" );
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