Find money in account after four year if compounded annually, Mathematics

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Find money in account after four year if compounded annually

Michael puts $7500.00 in the account bearing 4.2% interest.

(a) If interest is compounded annually, find money be the account after 4 years?

(b) If interest is compounded quarterly, find money in account after 4 years?

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Mathematics: Find money in account after four year if compounded annually

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Mathematics: Find money in account after four year if compounded annually

Reference No:- TGS0847292

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : Y-component of the magnetic force on the initial particle

Q : Person wants to switch to contact lenses

Q : Determine the angular magnification of the planet

Q : What should be the focal length of the lens problem

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: Find money in account after four year if compounded annually

Reference No:- TGS0847292

Recent Questions Asked Mathematics

Q : Y-component of the magnetic force on the initial particle

Q : Person wants to switch to contact lenses

Q : Determine the angular magnification of the planet

Q : What should be the focal length of the lens problem

Q : Find money in account after four year if compounded annually

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Q : Determine how much energy does the paper require to ignite

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Q : Comparing the intensity of light coming from stars

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