A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly. nt 1+-9″ Choose the correct formula from A = P 1 + or A= Pet The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly. (Round to two decimal places as needed.) The amount of interest earned during the 4 years is $ 959.79. (Type an integer or decimal rounded to two decimal places as needed.)
A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly. nt 1+-9″ Choose the correct formula from A = P 1 + or A= Pet The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly. (Round to two decimal places as needed.) The amount of interest earned during the 4 years is $ 959.79. (Type an integer or decimal rounded to two decimal places as needed.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Transcribed Image Text:A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly.
nt
1+-9″
Choose the correct formula from A = P 1 +
or A= Pet
The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly.
(Round to two decimal places as needed.)
The amount of interest earned during the 4 years is $ 959.79.
(Type an integer or decimal rounded to two decimal places as needed.)
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