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Mathematics, 14.06.2021 15:20 rbrummitt1522

Abby invested​ $4,500 in a savings account where she earned​ 2.5% interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 years. Find and correct her error. A(5) = 4500 (1+ 0.025/4)^5
= 4,500(1.00625)^5
= $4,642

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