Suppose $6000 is deposited in an account paying 4% interest per year compounded quarterly (four times per year). Find the amount in the account after 5 yr with no withdrawals?

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05-06-2024
Mathematics

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Suppose $6000 is deposited in an account paying 4% interest per year compounded quarterly (four times per year). Find the amount in the account after 5 yr with no withdrawals?

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