SOLUTION: Which of the following statements does NOT accurately describe an account into which $400 is deposited and earns 6% annual interest compounded quarterly?
A.) 400(1.015)^(4t)
B.
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-> SOLUTION: Which of the following statements does NOT accurately describe an account into which $400 is deposited and earns 6% annual interest compounded quarterly?
A.) 400(1.015)^(4t)
B.
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Question 963293: Which of the following statements does NOT accurately describe an account into which $400 is deposited and earns 6% annual interest compounded quarterly?
A.) 400(1.015)^(4t)
B.) 400 (1+06./4)^(4t)
C.) 400 (1.06/4)^(4t)
D.) None of these (all are accurate) Answer by rfer(16322) (Show Source):
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