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12 February, 16:11

Eddie deposited $1200 into an account that earns 3% interest compounded 4 times per year. How much money will Eddie have in his account after 5 years? Round to the nearest cent.

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  1. 12 February, 16:50
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    A=1,200 * (1+0.03:4) ^ (4*5)

    A=1,393.42
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