If you 3

If you deposit $4500 at 5% annual interest compound quarterly, how much money will be in the account after 10 years?

Correct result:

x =  7396.2876 USD

Solution:

a=4500 USD p=5%=5100=0.05  n=10 4=40 i=1+p/4=1+0.05/4=8180=1.0125  x=a in=4500 1.012540=7396.2876 USD



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