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Mathematics, 15.10.2019 19:00 Elexis8591
Liam deposits $3500 in a savings account that pays 0.8% interest, compounded quarterly
b) find the first quarter’s ending balance.
c) find the second quarter’s interest.
d) find the second quarter’s ending balance.
e) find the third quarter’s interest.
f) find the third quarter’s ending balance.
g) find the fourth quarter’s interest.
h) what is the balance at the end of 1 year?
i) how much interest does the account earn in the first year?
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Answers: 2
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Liam deposits $3500 in a savings account that pays 0.8% interest, compounded quarterly
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