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2 years ago

11

The APR of Kylee's savings account is 5.6% and the interest is compounded quarterly. If the principal in Kylee's savings account

is $5800 for an entire year, what will be the balance of her account after all the interest is paid?

1 answer:

yuradex [85]2 years ago

4 0

A=5,800×(1+0.056÷4)^(4×1)
=6,131.68

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