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14 April, 08:00

You deposit $7,900 in a money-market account that pays an annual interest rate of 4.3%. The interest is compounded quarterly. How much money will you have after 3 years?

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  1. 14 April, 11:13
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    A=7,900 * (1+0.043:4) ^ (4*3)

    A=8,981.57
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