SOLUTION: how much money will there be in an account at the end of 10 years if $11000 is deposited at 3% interest compounded quarterly?
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Question 947511
:
how much money will there be in an account at the end of 10 years if $11000 is deposited at 3% interest compounded quarterly?
Answer by
rfer(16322)
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FV=11000(1.0075)^(4*10)
FV=11000(1.348349)
FV=14,831.83