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29 April, 15:41

The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account is $5800 for an entire year, what will be the balance of her account after all the interest is paid?

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  1. 29 April, 17:43
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    A=5,800 * (1+0.056:4) ^ (4*1)

    =6,131.68
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