<PRE><B>Question 957463</B>
How much money would you have in a savings account at the end of one year, if you saved $1000 at two percent interest compounded quarterly? Round to the nearest dollar
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A(1) = 1000(1 + (0.02/4))^(4*1)
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A(1) = 1000(1.005)^4
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A(1) = 1000*1.02015
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A(1) = $1020.15
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Cheers,
Stan H.
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