Austin invested $200 in an account paying an interest rate of 6.1% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 15 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Jeremy Nicolia
Question 2- 1o Points
Mar 30, 10:27:13 AM
Austin invested $200 in an account paying an interest rate of 6.1% compounded
quarterly. Assuming no deposits or withdrawals are made, how much money, to the
nearest ten dollars, would be in the account after 15 years?
Answer:
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34°F Sum
Chp
$
4
%
7
8.
Y
F
G
H.
K
C
V
M
Transcribed Image Text:Jeremy Nicolia Question 2- 1o Points Mar 30, 10:27:13 AM Austin invested $200 in an account paying an interest rate of 6.1% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 15 years? Answer: Submit Answer Privacy Policy Terms of Service O Type here to search 34°F Sum Chp $ 4 % 7 8. Y F G H. K C V M
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